The White House will not say whether it will comply with a subpoena from a House committee related to its involvement in the Solyndra scandal. Instead, the administration has opted to open its own investigation into the loan program that backed the defunct solar company – though that investigation will …
As part of its bankruptcy proceedings, defunct solar company Solyndra will auction off thousands of items from its California production facility on Nov. 2 and 3. But taxpayers won’t see a dime of the proceeds, due to the Energy Department’s decision to subordinate taxpayers to Solyndra’s private financiers in repayment …
The economic damage inherent in federal backing for solar power companies extends beyond Solyndra-style bankruptcies, in which taxpayers pour money into unprofitable but politically popular ventures. Even where government-backed companies stay afloat, federal intervention directs resources to less productive and profitable activities. Some solar power companies based in California are …
Democrats determined to shield the administration from accusations of political cronyism are unwittingly undermining the larger policy vision that they themselves have supported, and the president has championed: the so-called “green energy economy.” Reps. Henry Waxman (D-CA) and Diana Degette (D-CO), ranking Democrats on the House Energy and Commerce Committee and its investigative sub-panel, …
What did the President know and when did he know it, goes the old Washington adage. Thus did the American people learn yesterday in separate but equally startling revelations that the Obama Administration knew more about two scandals than it has been revealing. The first is regarding the Operation Fast …
A pair of years-old anecdotes, recently revisited, show that top economists in the White House and Obama’s cabinet expressed serious doubts about the White House’s emphasis on and approach to green jobs. Three top economic advisers, on at least two occasions, have sounded alarms about that agenda. In October 2010, …
The Obama Administration has been knee-deep in scandal after green energy “model” Solyndra went bankrupt less than two years after receiving a $500 million loan guarantee from the federal government. Now, they are up against another controversy. Days before a recent deadline, the Department of Energy brazenly approved two additional …
Senator Harry Reid (D–NV) and his Senate colleagues rejected the idea of cutting $1.5 billion unspent from a $7.5 billion advanced vehicle manufacturing technology loan program and another $100 million from the Department of Energy’s (DOE) loan guarantee program—the same program that funded bankrupt Solyndra. The political squabbling did not …
