{"id":13672,"date":"2012-04-04T19:02:32","date_gmt":"2012-04-04T23:02:32","guid":{"rendered":"http:\/\/cfif.org\/v\/freedom_line_blog\/?p=13672"},"modified":"2012-04-04T19:02:32","modified_gmt":"2012-04-04T23:02:32","slug":"more-bad-solyndra-news","status":"publish","type":"post","link":"https:\/\/cfif.org\/v\/freedom_line_blog\/13672\/more-bad-solyndra-news\/","title":{"rendered":"More Bad Solyndra News"},"content":{"rendered":"

Politico<\/a> reports that an Inspector General\u2019s investigation concluded the Department of Energy\u2019s loan to Solyndra corrupted a process to serve a political agenda.<\/p>\n

The Treasury Department’s review of Solyndra’s $535 million federal loan guarantee was “rushed” through in about one day in March 2009, “based on an expedited review request from DOE so that a press release could be issued,” according to a Treasury inspector general report<\/a> that gives further evidence of the early Obama administration’s eagerness to announce progress in funding clean energy.<\/p>\n

\u2026<\/p>\n

The report also found that DOE didn’t consult with Treasury on the terms and conditions of the loan deal before or during the Energy Department’s own review process, including the review of Solyndra’s credit worthiness.<\/p><\/blockquote>\n

Nor did DOE include Treasury in negotiations that later allowed private investors to skip past taxpayers in the repayment line in the event \u2013 which turned into a certainty \u2013 that Solyndra went bankrupt.<\/p>\n

The corruption in the Solyndra loan process is unique in that \u2013 so far \u2013 no one inside the government has been accused of being bribed for making so many financially ruinous decisions with taxpayer money.<\/p>\n

The only explanation is the triumph of ideology over process.<\/p>\n

In the Teapot Dome scandal members of the Harding administration got kickbacks for no-bid contracts on oil drilling.\u00a0 The HUD scandals of the late 1980\u2019s made some officials, lobbyists, and construction companies rich at the expense of the poor.\u00a0 But with Solyndra and other failed alternative energy busts, Obama\u2019s DOE blew billions of dollars on nothing more than a bankrupt ideology; namely, the fantasy that green technology can be subsidized into sustainability.<\/p>\n

At least with bribes you can follow the money.\u00a0 The Obama administration\u2019s version of corruption is something arguably new.\u00a0 The only way to ensure its eradication is to fire the people who hire the ideologically-driven bureaucrats.<\/p>\n","protected":false},"excerpt":{"rendered":"

Politico reports that an Inspector General\u2019s investigation concluded the Department of Energy\u2019s loan to Solyndra corrupted a process to serve a political agenda. The Treasury Department’s review of Solyndra’s $535 million federal loan guarantee was “rushed” through in about one day in March 2009, “based on an expedited review request from DOE so that a […]<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[1441,195,2502,3043],"class_list":["post-13672","post","type-post","status-publish","format-standard","hentry","category-posts","tag-department-of-energy","tag-energy","tag-scandal","tag-solyndra"],"_links":{"self":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/comments?post=13672"}],"version-history":[{"count":7,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13672\/revisions"}],"predecessor-version":[{"id":13679,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/posts\/13672\/revisions\/13679"}],"wp:attachment":[{"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/media?parent=13672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/categories?post=13672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cfif.org\/v\/freedom_line_blog\/wp-json\/wp\/v2\/tags?post=13672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}