On May 26, 2010, Obama famously said, “The true engine of economic growth will always be companies like Solyndra.”
Less than six months later, Obama administration officials were telling Solyndra executives that they didn’t want them to announce layoffs until November 3rd… conveniently one day after the 2010 mid-term elections.
What’s worse, Obama administration officials recognized that Solyndra was on a path to failure nearly nine months BEFORE Obama’s May speech at Solyndra saying it would be the “engine of economic growth.”
“We still have a major outstanding issue…the project cash balance goes to $62,000.00 in September 2011” (Email between Department of Energy staff, 8/19/09)
“(H)ow can we advance a project that hasn’t funded working capital requirements…” (Email between Department of Energy staff, 8/20/09)
Now we learn that former Republican Massachusetts Governor (and Obama endorser) William Weld was hired to defend Solyndra in the Congressional hearings, held to investigate one of the most obvious examples of cronyism in the Obama Administration.
It just goes to show that corruption can be bipartisan.