Obama to Solymdra: Shhhhhh
ICYMI, another Solyndra bombshell. The White House told the tanking eolar panel company to avoid revealing layoffs until after the midterms. As you know, the company, fattened with taxpayer loan guarantees, later crashed and burned altogether.
The Obama administration, which gave the solar company Solyndra a half-billion-dollar loan to help create jobs, asked the company to delay announcing it would lay off workers until after the hotly contested November 2010 midterm elections that imperiled Democratic control of Congress, newly released e-mails show.
The announcement could have been politically damaging because President Obama and others in the administration had held up Solyndra as a poster child of its clean-energy initiative, saying the company’s new factory, built with the help of stimulus money, could create 1,000 jobs. Six months before the midterm elections, Obama visited Solyndra’s California plant to praise its success, even though outside auditors had questioned whether the operation might collapse in debt.