Dems Ignored All the Warning Signs in Their Solyndra Stimulus Disaster

April 3, 2012

FYI, a similar version of this release below went out to the following districts: Shelley Adler (NJ-03), Pete Aguilar (CA-31), Jason Altmire (PA-12), Jeff Anderson (MN-08), George Badey (PA-07), Ron Barber (AZ-08), John Barrow (GA-12), Ami Bera (CA-07), Tim Bishop (NY-01), Kathy Boockvar (PA-08), Leonard Boswell (IA-03), Bruce Braley (IA-01), Cheri Bustos (IL-17), Lois Capps (CA-24), Ben Chandler (KY-06), Andrei Cherny (AZ-09), David Cicilline (RI-01), Tarryl Clark (MN-08), Gerry Connolly (VA-11), Jim Costa (CA-16), David Crooks (IN-08), John Delaney (MD-06), Val Demings (FL-10), Joanne Dowdell (NH-01), Tammy Duckworth (IL-08), Bill Foster (IL-11), Lois Frankel (FL-22), Pete Gallego (TX-23), Rob Garagiola (MD-06), John Garamendi (CA-03), Alan Grayson (FL-09), Raul Grijalva (AZ-07), Pam Gulleson (ND-AL), Clark Hall (AR-01), Brad Harriman (IL-12), Jose Hernandez (CA-10), Brian Higgins (NY-26), Jim Himes (CT-04), Ruben Hinojosa (TX-15), Paul Hirschbiel (VA-02), Rush Holt (NJ-12), Steven Horsford (NV-04), Q. Byrum Hurst (AR-04), Steve Israel (NY-03), Bill Keating (MA-09), Ann Kirkpatrick (AZ-01), Larry Kissell (NC-08), Pat Kreitlow (WI-07), Ann McLane Kuster (NH-02), Rick Larsen (WA-02), David Loebsack (IA-02), Alan Lowenthal (CA-47), Nita Lowey (NY-17), Dan Maffei (NY-24), Larry Maggi (PA-18), Jim Matheson (UT-04), Carolyn McCarthy (NY-04), Gary McDowell (MI-01), Mike McIntyre (NC-07), Jerry McNerney (CA-09), Michael Michaud (ME-02), Joe Milkosi (CO-06), Brendan Mullen (IN-02), Patrick Murphy (FL-18), Mark Murphy (NY-11), Rick Nolan (MN-08), John Oceguera (NV-03), Bill Owens (NY-21), Sal Pace (CO-03), Frank Pallone (NJ-06), Ed Perlmutter (CO-07), Scott Peters (CA-52), Chellie Pingree (ME-01), Nick Rahall (WV-03), Ciro Rodriguez (TX-23), Raul Ruiz (CA-36), Lori Saldaña (CA-52), Brad Schneider (IL-10), Brandon Shaffer (CO-04), Carol Shea-Porter (NH-01), Kyrsten Sinema (AZ-09), Louise Slaughter (NY-25), Betty Sutton (OH-16), Mark Takano (CA-41), John Tierney (MA-06), Paul Tonko (NY-20), Manan Trivedi (PA-06), Niki Tsongas (MA-03), Christie Vilsack (IA-04), Bill Vinsko (PA-11), Jamie Wall (WI-08), Tim Walz (MN-01), Charlie Wilson (OH-06), John Yarmuth (KY-03)
Dems Ignored All the Warning Signs in McIntyre’s Solyndra Stimulus Disaster
Obama Administration Remained Desperately Committed to the North Carolina Democrat’s Fatally Flawed National Energy Policy

WASHINGTON — Mike McIntyre and his fellow Democrats promised jobs and energy independence when they passed their massive $800 billion stimulus (Roll Call #70, 2/13/09), but it became increasingly clear that gambling with taxpayer dollars was going to cause more harm than good. Despite the obvious warning signs surrounding the unprecedented spending spree, McIntyre and his Washington Democrat colleagues clung to the law even as it gave Americans the Solyndra bankruptcy scandal and record-high energy prices.

“Mike McIntyre’s Solyndra stimulus scandal could have been avoided if the numerous warning signs had been heeded,” said NRCC Communications Director Paul Lindsay. “But McIntyre and his fellow Washington Democrats were all too eager to gamble away taxpayer dollars instead, leaving American families with the $535 million Solyndra bankruptcy, record-high energy prices and broken promises.”

A former FBI agent hired to investigate the Solyndra bankruptcy concluded the Obama Administration was well aware of the risk when they decided to gamble with millions in taxpayer-funded stimulus loans:

“The Department of Energy was fully aware of the risks in backing Solyndra Inc., a start-up company that pocketed a half-billion dollar DOE loan but never turned a penny in profit before shutting its doors, concludes a former FBI agent hired to examine the company’s books…

“In fact, records show, the Energy Department supported the Solyndra financing in the early days of the Obama administration in the face of criticism from officials within several wings of government — the Office of Management and Budget, the U.S. Treasury and DOE. ‘This deal is NOT ready for prime time,’ one OMB employee wrote March 10, 2009, government emails show. Ten days later, energy officials announced Solyndra was in line to be the first company to secure a green energy loan guarantee.” (Ronnie Greene, “Department of Energy knew of Solyndra risks, former FBI agent finds,” iWatch News, 3/29/12)

And Democrats remained committed to their stimulus energy flops after they managed to achieve little except burning through taxpayer money:

“Week after week, Romer would march in with an estimate of the jobs all the investments in clean energy would produce; week after week, Obama would send her back to check the numbers. ‘I don’t get it,’ he’d say. ‘We make these large-scale investments in infrastructure. What do you mean there are no jobs?’ But the numbers rarely budged.” (Jordan Weissmann, “There Are Way Fewer Green Jobs Than You Think,” The Atlantic, 3/26/12)

Dems Ignored All the Warning Signs in Their Solyndra Stimulus Disaster #powerfailure