The New York Times tries for damage control
on Solyndra for the Obama administration. Still the piece has some statements such as this:
The Energy Department’s senior staff has acknowledged in interviews the intense pressure from top Obama administration officials to rush stimulus spending out the door.
“We had to knock down some barriers standing in the way to get these projects funded,” Matthew C. Rogers, the Energy Department official overseeing the loan guarantee program, said in March 2009, just days before Solyndra got its provisional loan commitment. Mr. Rogers said Energy Secretary Steven Chu had been personally reviewing loan applications and urging faster action on them. . . .
Bush administration officials had started the review of the Solyndra application in May 2008. They were anxious to approve the deal, because members of Congress were complaining that the loan guarantee program, signed into law in 2005, still had not given out its first award. But in the final weeks of the administration, Energy Department officials put the brakes on any loan commitment to Solyndra, partly out of concern that its costs made the price of manufacturing power capacity significantly higher than its competitors.
The Obama administration, though, was determined to move ahead. “DOE is trying to deliver on the first loan guarantee within 60 days from inauguration,” one March 2009 e-mail from an Office of Management and Budget official said. . . .
Labels: ObamaCorruption, Solyndra