“A number of us are concerned that the president is visiting Solyndra. Many of us believe the company’s cost structure will make it difficult for them to survive long term. . . . I just want to help protect the president from anything that could result in negative or unfair press.”
Investor and Obama fundraiser Steve Westly • From a memo sent to Obama adviser Valerie Jarrett in May, 2010. The document was released by Democrats on the House Energy and Commerce Committee, charged with investigating the failed government loan. Whatever your political opinion on this issue, these are certainly the sorts of warnings you’d hope the administration would take seriously; there’s mounting evidence that people within the industry were skeptical of the company well in advance of the President’s visit. source (via • follow)
Like I said — the sooner President Obama owns up to this massive failure and waste of taxpayer resources, the less we’ll be surprised when shit like this leaks out. And there’s probably plenty more.
Since we’re talking solar, it might be best to remember some variation on “Sunlight is the best disinfectant” in this case.