Evidence continues to mount that the Obama political machine used the Department of Energy loan program as a thinly veiled political payback for Obama campaign donors. One commentator has suggested that 75% of the loans went to companies owned or invested in by individuals who coincidentally made large donations or bundled donations amounting to hundreds of thousands of dollars to the Obama election campaign.
The Republicans in Congress are trying to investigate these loans. However, the Obama White House keeps stalling, missing response deadlines and releasing documents late Friday night, when there is little or no press coverage. The White House is also saying the document requests are excessive, or that the documents the White House has chosen to release so far show that politics were not involved in the loan process.
In fact the documents show no such thing. At least one document indicates, for example, that the Administration was not only aware of Solyndra's troubles, but apparently asked that Solyndra's employee layoff not be announced until November 3, which was the day after the election occurred. It also appears that the Solyndra loan was unusually structured to ensure that the investors (Obama's donors, remember) were protected in the event of failure, rather than the lenders (that's you, the taxpayers.) And Solyndra's executives refused under the Fifth Amendment to testify about the loan funds, on the grounds that to do so might incriminate them.
Right now, the extent of Obama Administration involvement and the extent of political influence in the granting of these loans to Obama donors is not clear, but then, nothing about the inner workings of this "most transparent" administration has been open to public view. With many in the media providing cover, the Administration's conduct goes unreported and uninvestigated. Hopefully, Congressional investigators can get past Administration roadblocks and find the truth about these loans.
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