Solyndra CEO in 2009: Obama "Instrumental" in Securing Loan Guarantee
Pundit Press ^ | 9/15/11 | Aurelius
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As you know by now, the Obama Administration gave a $535,000,000 tax-payer funded loan to the green company Solyndra, despite warnings at the time from nearly every sector that it was a bad idea. The company quickly went belly up, and an investigation has been launched as to why the President pushed so hard to get Solyndra the loan.
According to the White House, there was nothing special about the money given to Solyndra. Sure, Solyndra VPs donated thousands to the Obama Presidential Campaign, but that was nothing. The President wasn't playing favorites, they say, and he didn't campaign specifically for Solyndra over other companies. However, according to a newly found press release on Solyndra's own website, that does not seem to be he case.
Solyndra wrote a release when it received the massive loan in March of 2009. Solyndra CEO and Founder Chris Gronet thanked President Obama personally for the money, saying:
"The leadership and actions of President Barack Obama, Energy Secretary Steven Chu, and the U.S. Congress were instrumental in concluding this offer for a loan guarantee."...
Later in the article, Kelly Truman, Solyndra’s Vice President of Marketing, Sales and Business Development, touted the great financial position Solyndra was in:
"DOE, in consultation with independent consultants, performed a thorough investigation and analysis of our project’s financial, technical and legal strengths. We are proud to be the first company to pass this comprehensive review, and we would like to acknowledge the exceptional efforts of the staff of the DOE Loan Guarantee Program Office."
(Excerpt) Read more at punditpress.com ...
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