Remember, oh, I don't know -- this week -- when President Obama claimed that really, his administration can't take ownership over the Solyndra project, per se?
We are doing the "all of the above" strategy right. Obviously, we wish Solyndra hadn't gone bankrupt. Part of the reason they did was because the Chinese were subsidizing their solar industry and flooding the market in ways that Solyndra couldn't compete. But understand: This was not our program, per se. Congress -- Democrats and Republicans -- put together a loan guarantee program....
The President's attempt to backtrack and distance himself from the direct results of his failing policies is wildly transparent, but that little tidbit sounds particularly egregious in light of the latest Friday night news dump. The Hill reports on the latest evidence that the Obama administration was more than just a semi-interested bystander in the Solyndra fallout:
Several key White House offices were involved with the Obama administration’s messaging plans and other preparations as the collapse of the taxpayer-backed solar company Solyndra was imminent, newly released documents show.
The latest White House documents delivered to House Republicans on Friday again highlight the extent to which senior administration officials braced for the fallout as Solyndra – a company President Obama had personally visited – was about to go under.
A White House memo that noted the danger of “imminent bankruptcy” at the end of August 2011 says, “OMB, DPC and NEC have been working with press and OLA to be prepared for this news to break.”
Acronym translation: OMB is the Office of Management and Budget, DPC is the Domestic Policy Council, NEC is the National Economic Council and OLA is the Office of Legal Affairs.
The document, an update on Solyndra’s $535 million Energy Department (DOE) loan guarantee, notes that $527 million had been disbursed and that DOE believed no more funds should be alloted.