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Obama: The True Engine Of Economic Growth Will Always Be Companies Like Solyndra
(President Obama, Remarks By The President On The Economy, Fremont, California, 5/26/10)

Biden On Solyndra Loan Guarantee: This Is Exactly What The Recovery Act Is All About. This
announcement today is part of the unprecedented investment this Administration is making in renewable energy and exactly what the Recovery Act is all about, said Vice President Biden. (Office of the Vice President, Vice
President Biden Announces Finalized $535 Million Loan Guarantee for Solyndra, Press Release, 9/4/09)

Last Week, The FBI Raided Solyndra Headquarters And The Homes Of Its Executives
Thursday September 8: The Federal Bureau Of Investigation Executed A Search Warrant At Solyndra, Bureau Spokeswoman Julie Sohn Said In An Interview. (Jim Snyder, FBI Raids Bankrupt Solyndra as
Lawmakers Question Panel Makers Finances, Bloomberg, 9/9/11)

CEO And Founder Of Politically Connected Company Questioned On Day Of Raid. (Ronnie Greene And Matthew
Mosk, Solyndra Investigation Expands With Raid Of Executives' Homes And Files, iWatch News, 9/9/11)

Federal Agents Have Visited The Homes Of Three Current Or Former Solyndra Executives. Federal agents have expanded their examination of the now-bankrupt California solar power company Solyndra, searching the homes of the company's chief executive, a founder, and a former executive, examining computer files and documents, the Center for Public Integrity's iWatch News and ABC News have learned. (Ronnie Greene And Matthew Mosk, Solyndra Investigation Expands With Raid Of Executives'
Homes And Files, iWatch News, 9/9/11)

The Agents Looked At The Executives Computer Files. Solyndra spokesman David Miller confirmed agents visited Harrisons home on Thursday, when the FBI and Energy Department Inspector General arrived at the company's headquarters in Fremont, Calif., seizing boxes of records. Yeah, they did go to his house and speak to him briefly, Miller said. I dont know what they may have taken. I believe they took a look at his computer. (Ronnie Greene And Matthew Mosk, Solyndra Investigation
Expands With Raid Of Executives' Homes And Files, iWatch News, 9/9/11)

The Raids Suggest The Justice Department Is Investigating Whether Solyndra Misled The Government When Securing Its Loans. The raid and visits come amid increasing evidence the Justice Department and Inspector General are exploring whether Solyndra mislead the government in securing its $535 million loan in 2009 and landing a vital refinancing of that loan earlier this year. (Ronnie Greene And Matthew
Mosk, Solyndra Investigation Expands With Raid Of Executives' Homes And Files, iWatch News, 9/9/11)

And Signals The Escalation Of A Probe Into The Obama Administrations Clean- Energy Program. An FBI raid on Solyndra inc., a solar-panel maker that failed after receiving a $535 million loan guarantee from the U.S. energy department, may signal the escalation of a probe into the Obama administrations clean- energy program. (Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel
Makers Finances, Bloomberg, 9/9/11)

2009: The Stimulus First Taxpayer-Backed Green Loan Solyndra: The Epitome Of Our Green Tech Future
The Obama Administration, Including Obama Himself, Praised The Taxpayer Guaranteed Loan In Solyndra. A parade of Administration officials praised the investment, including President Obama, who said in a speech last year at the company's Fremont headquarters that companies like Solyndra are leading the way toward a brighter and more prosperous future. (Editorial, The Solyndra Scandal, The Wall Street Journal, 9/9/11)

Biden On Solyndra Loan Guarantee: This Is Exactly What The Recovery Act Is All About. This announcement today is part of the unprecedented investment this Administration is making in renewable energy and exactly what the Recovery Act is all about, said Vice President Biden. (Office of
the Vice President, Vice President Biden Announces Finalized $535 Million Loan Guarantee for Solyndra, Press Release, 9/4/09)

In 2009, The Energy Department Put Solyndra's Application On A Fast-Track For Approval, And Announced The Award With Great Fanfare. (Ronnie Greene And Matthew Mosk, Obama Officials Sat In On Solyndra Meetings, iWatch
And ABC News, 9/9/11)

Energy Secretary Chu Flew Out For A Solyndra Factory Groundbreaking, And Vice President Bidens Image Was Beamed To The Ceremony Through A Video Feed. (Carol D. Leoning, Joe Stephens, and
Alice Crites, Obamas Focus On Visiting Clean-Tech Compaines Raises Questions, The Washington Post, 6/25/11)

"Solyndra Was The Epitome Of What The Government Envisioned To Be Our Green Tech Future... Confidence Was So High That Solyndra Got A $535 Million Stimulus Program Loan To Build A New Factory Along I-880 In Fremont." (David Louie, "Fremont Solar Panel Maker Solyndra Scales Back Expansion Plans," The Oakland Tribune,
11/4/10)

Solyndra Was Supposed To Create 3,000 Construction Jobs And 1,000 Permanent Jobs Once The Factory Opened. Solyndra estimates the new plant will initially create 3,000 construction jobs, and lead to as many as 1,000 jobs once the facility opens. Hundreds more will install Solyndras solar panels on rooftops around the country. (Office of the Vice President, Vice President Biden Announces Finalized $535 Million Loan Guarantee for Solyndra, Press Release,
9/4/09)

Biden: Its Important Because These Jobs Are Going To Be Permanent Jobs. These Are The Jobs Of The Future. These Are The Green Jobs, These Are The Jobs That Wont Be Exported.
(Vice President Biden, VP Biden and Sec. Chu Announce Major Recovery Act Announcement, 9/4/09)

Solyndra Was The First Company To Receive Taxpayer Backed Loans During The Obama Administration. Solyndra was the first company to get a taxpayer-backed loan in the early weeks of the new Obama administration, but there are more than 40 other clean tech firms and projects the Energy Department has since backed or agreed to back with more than $38 billion in taxpayer funds. (Carol Leonnig,
After Solyndra Failure, Auditors Wonder What Other Bad Bets Obama Officials Made, The Washington Post, 9/1/11)

The Energy Department Gave Solyndra The Most Federal Backing Awarded A Solar Manufacturer. (Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel Makers Finances, Bloomberg, 9/9/11) The Generous Terms Of The Government Loan Included The Lowest Interest Of All The Green Projects Benefitting From Energy Department Help, iWatch News And ABC News Found. Ronnie
Greene And Matthew Mosk, Obama Officials Sat In On Solyndra Meetings, iWatch And ABC News, 9/9/11)

Obamas OMB And Treasury Department Were Looking Over the Shoulders Of The Energy Departments Finance Team, Which Was Made Up Of Wall Street Veterans. The Energy Department has established the worlds largest project finance teamheavily populated by Wall Street veterans who got laid off after the financial crisisand its got the Office of Management and Budget as well as the Treasury Department looking over its shoulders on every loan. (Michael Grunwalkd, The White House Wouldnt Answer Republicans
Questions, So Ill Try, Times Swampland, 6/24/11)

2010: Obamas Personal Touch & The Beginnings Of Trouble

Obama Visited Solyndras Factory In May 2010, Only Weeks After It Became Public That Independent Auditors Had Questioned Whether It Could Remain A Going Concern. (Carol D. Leoning, Joe
Stephens, and Alice Crites, Obamas Focus On Visiting Clean-Tech Compaines Raises Questions, The Washington Post, 6/25/11)

Obama: The True Engine Of Economic Growth Will Always Be Companies Like Solyndra
(President Obama, Remarks By The President On The Economy, Freemont, California, 5/26/10)

Buoyed By Government Confidence, Solyndra Planned An Initial Public Stock Offering Expected To Raise $300 Million. (Carol D. Leoning, Joe Stephens, and Alice Crites, Obamas Focus On Visiting Clean-Tech Compaines Raises Questions, The
Washington Post, 6/25/11)

George Kaiser, A Major Obama Fundraiser And Frequent White House Visitor, Was One Of Solyndras Largest Investors. Its largest investors were venture capital funds associated with Kaiser, the Tulsa oil executive who served as a major Obama fundraiser in 2008 and who has been a frequent White House visitor. (Carol D. Leoning, Joe Stephens, and Alice Crites, Obamas Focus On Visiting Clean-Tech
Compaines Raises Questions, The Washington Post, 6/25/11)

Weeks Before Obama Spoke At Solyndra, PricewaterhouseCoopers Said There Was Substantial Doubt About Solyndras Viability. But just weeks before Obamas arrival, the company released sobering news from independent auditors evaluating its public offering plan. PricewaterhouseCoopers said Solyndras losses and negative cash flow raised substantial doubt about its ability to continue as a going 4

concern. (Carol D. Leoning, Joe Stephens, and Alice Crites, Obamas Focus On Visiting Clean-Tech Compaines Raises Questions, The Washington Post,
6/25/11)

Solar Analyst Ramesh Misra: To Think They Could Compete On Any Basis, That Took A Very Big Leap Of Faith. (Carol D. Leoning, Joe Stephens, and Alice Crites, Obamas Focus On Visiting Clean-Tech Compaines Raises Questions,
The Washington Post, 6/25/11)

November: "Solyndra Inc., A Company Obama Touted As An Example Of A Green Energy Future Will Eliminate 155 To 175 Jobs In Fremont." "Solyndra Inc., the high-flying solar panel maker once touted by President Barack Obama as a model for a green energy future, said Wednesday it has scuttled its factory expansion in Fremont, a move that will stop the company's plans to hire 1,000 workers. Solyndra said it will also close an existing factory in the East Bay. That will leave the company with one Fremont factory, a new plant visible from Interstate 880. The moves mean that instead of having 2,000 workers in Fremont, Solyndra will cap its work force at 1,000, which is about the current level. Solyndra also will, over the next several weeks, eliminate 155 to 175 jobs in Fremont." (David Louie, "Fremont Solar Panel Maker Solyndra Scales Back Expansion
Plans," The Oakland Tribune, 11/4/10)

Independent Auditors Find Favorable Treatment And A Lack Of Transparency

Government Accountability Office: The Administration Didnt Do Its Due Diligence When Celebrating The $535 Million In Stimulus Funds For Solyndra. It's not his statements the administration will regret; it's the loan guarantees. The President was celebrating $535 million in federal promises from the Department of Energy to the solar startup. The administration didn't do its due diligence, says the Government Accountability Office. There's a consequence if you don't follow a rigorous process that's transparent, Franklin Rusco of GAO told the website iWatch News.(Scott McGrew, Solyndra Filing A Disaster For
Obama, NBC Bay Area News, 8/31/11)

Solyndra Was One Of Five Companies The Energy Department Failed To Properly Assess, Leaving The GAO Greatly Concerned. Government auditors are questioning whether the administration may have made other bad bets on clean energy. Frank Rusco, a Government Accountability Office director who helped lead a review of the Solyndra loan and the Energy Departments loan guarantee program, said GAO remains greatly concerned by its 2010 finding that the agency agreed to back with loans five companies without properly assessing their failure risks. The companies were not identified in the report, but the agency has since acknowledged that Solyndra was one. (Carol Leonnig, After Solyndra Failure, Auditors Wonder What Other Bad Bets Obama Officials Made, The Washington
Post, 9/1/11)

GAO Investigation Revealed Obamas Department Of Energy Favored Some Loan Applicants And Disadvantaged Others. That's when the Government Accountability Office issued an unusually blunt assessment of the Energy Department's loan program in general, concluding that the department had treated applicants inconsistently, favoring some and disadvantaging others. (Matthew Most and Brian Ross, Solyndra
Collapse A Waste Of Half A Billion By Obama, GOP Critics Say, ABC News , 9/1/11)

Congressional Auditors Found Energy Department Gave Favorable Treatment To Solyndra, Bypassing Required Steps. A few weeks later, congressional auditors announced that Energy Department had given favorable treatment to some loan-guarantee applicants. A Government Accountability Office report found that the department had bypassed required steps for funding awards to five applicants, including Solyndra. (Carol D. Leoning, Joe Stephens, and Alice Crites, Obamas Focus On Visiting Clean-Tech Compaines Raises Questions, The
Washington Post, 6/25/11)

2011: Restructuring, Investigations, And Taxpayers Money On The Line

Obamas Department Of Energy Allows A Restructuring Of The Loan While Putting Taxpayers At Increased Risk
In January, Obamas Energy Department Gave Solyndra More Time To Repay The Taxpayer Funded Loan. In an email yesterday, an Energy Department spokesman said the government restructured the debt to give Solyndra more time to repay and avoid defaultmuch like commercial lenders do when a homeowner is having trouble making the mortgage payments. (Editorial, The Solyndra Scandal, The Wall Street Journal,
9/9/11)

Sounds Like Energy Officials Already Feared Solyndra Might Go Belly-Up. (Editorial, The Solyndra
Scandal, The Wall Street Journal, 9/9/11)

Obamas Energy Department Allowed Taxpayers To Take A Backseat To Private Investors When It Came To Recouping Their Losses. And as part of the deal, the Energy Department agreed that if the company went bust, private investors could recoup their losses before the government. (Ronnie Greene And Matthew
Mosk, Obama Officials Sat In On Solyndra Meetings, iWatch And ABC News, 9/9/11)

Current Solyndra CEO Brian Harrison Was Not With The Company For The Initial Loan, But Was There For The Refinancing. Miller, the Solyndra spokesman, noted that Harrison was not with the company when it secured the loan in 2009. He was, however, CEO when Solyndra landed a government refinancing that extended its payment period. (Ronnie Greene And Matthew Mosk, Solyndra Investigation Expands With Raid Of
Executives' Homes And Files, iWatch News, 9/9/11)

Obama Administration Bypassed Procedural Steps Meant To Protect Taxpayers. The Obama administration bypassed procedural steps meant to protect taxpayers as it hurried to approve an energy loan guarantee to a politically-connected California solar power startup, ABC News and the Center for Public Integrity's iWatch News have learned. (Matthew Mosk, Did Obama Administration Cut Corners For A Green Energy Company, ABC News,
5/24/11)

Further Investigations
When Republicans Tried To Hold A Hearing On Solyndra In June 2011, The White House Official Called To Testify Blew Them Off. House Republicans tried to hold a hearing today on what the New York Times called the Energy Departments embattled loan guarantee program. They wanted to shine a spotlight on the programs most embattled beneficiary, the solar manufacturer Solyndra. But they only 6

called one White House official to testify, and he blew them off. (Michael Grunwalkd, The White House Wouldnt Answer
Republicans Questions, So Ill Try, Times Swampland, 6/24/11)

The Energy Departments Inspector General Has Said Obamas Clean-Energy Loan Program Is Lacking In Transparency And Accountability. Agents for Energy Department Inspector General Gregory Friedman, who has called the departments clean-energy loan program lacking in transparency and accountability, joined in the search yesterday at the Fremont, California, headquarters of Solyndra, which filed for bankruptcy protection on Sept. 6. (Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel Makers Finances,
Bloomberg, 9/9/11)

Inspector General: Obamas Department Of Energy Failed To Maintain Emails About How Loan-Guarantees Were Awarded. Earlier this year, the Energy Departments inspector general criticized the agency for not maintaining e-mails discussing how loan-guarantee winners were selected. (Carol Leonnig, After Solyndra Failure, Auditors Wonder What Other Bad Bets Obama Officials Made, The Washington Post, 9/1/11)

Misleading Claims
Solyndra CEO Brian Harrison Visited Washington In July, Saying The Company Was On Sound Footing And Expanding. Members of Congress leading a House investigation of the Energy Department loan have focused specifically on visits Harrison made to Washington in July, when he said the company was on sound footing and expanding. (Ronnie Greene And Matthew Mosk, Solyndra Investigation Expands With Raid Of Executives' Homes And
Files, iWatch News, 9/9/11)

Reps. Waxman (D-CA) And DeGette (D-CO) Said Solyndra CEO Assured Them In A Meeting Less Than Two Months Ago That The Company Was In A Strong Financial Position. Democratic Representatives Henry Waxman of California and Diana DeGette of Colorado said yesterday that Solyndra Chief Executive Officer Brian Harrison assured them in a meeting less than two months ago that the company was in a strong financial position. (Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel Makers Finances, Bloomberg, 9/9/11)

Solyndras CEO Said The Company Was Projected To Double Its Revenues In 2011. He did not convey to us the perilous condition of the company, and the committee should know why, Waxman and DeGette wrote in a letter yesterday to Stearns. At that time, he said the company was projected to double its revenues in 2011, there was strong demand in the United States for its shipments, and the company was expected to double the megawatts of panel production shipped this year, according to the letter. These assurances appear to contrast starkly with his companys decision to file for bankruptcy. (Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel Makers Finances,
Bloomberg, 9/9/11)

Politically Directed Investment Is Playing Political Favoritism For The Powerful Few At The Expense Of Millions Of Middle-Class Taxpayers. The problem with politically directed investment isn't merely that bureaucrats are betting with someone else's money on industries they may not understand. Such investment also invites political favoritism for the powerful few at the expense of millions of middle-class taxpayers. (Editorial, The Solyndra Scandal, The Wall Street Journal, 9/9/11)

Obama Administration Involvement

Obama Officials Sat In On Solyndra Meetings. (Ronnie Greene And Matthew Mosk, Obama Officials Sat In On Solyndra Meetings,
iWatch And ABC News, 9/9/11)

Obama Officials Have Had An Up Close View As The Solar Energy Company Careened Towards Bankruptcy. Officials from the Department of Energy have for months been sitting in on board meetings as observers at Solyndra, getting an up-close view as the solar energy company careened towards bankruptcy after spending more than $500 million in federal loan money. (Ronnie Greene And Matthew Mosk, Obama
Officials Sat In On Solyndra Meetings, iWatch And ABC News, 9/9/11)

The Unusual Arrangement Came To Light As The FBI Converged On Solyndras Headquarters. Word of the Energy Department's unusual arrangement came as federal agents on Thursday converged on the California headquarters of the failed solar company, focusing fresh attention on the first corporate beneficiary of President Obama's stimulus program to create new clean energy jobs. (Ronnie Greene And Matthew Mosk, Obama Officials Sat In On Solyndra Meetings, iWatch And ABC News, 9/9/11)

Bankruptcy Announcement And Layoffs

August 2011: Solyndra Announces That It Will File For Bankruptcy, Immediately Laying Off 1,100 Employees. Solyndra, a Fremont solar tech manufacturer, announced Wednesday it is suspending operations and immediately laying off 1,100 employees. The company said it will also file for bankruptcy.
(George Avalos, Fremont Solar Tech Firm Solyndra To Shut Down, Lay Off 1,100 Workers, The San Jose Mercury News, 8/31/11)

Solyndras President And CEO Brian Harrison: Regulatory and policy uncertainties in recent months created significant near-term excess supply and price erosion. (Ehren Goossens, Solyndra, Maker Of Solar
Modules, To File For Bankruptcy, Cut 1,100 Jobs, Bloomberg News, 8/31/11)

President Obama Faces Political Catastrophe In The Form Of Solyndra -- A San Francisco Bay Area Solar Company That He Touted As A Gleaming Example Of Green Technology. (Scott McGrew, Solyndra Filing A
Disaster For Obama, NBC Bay Area News, 8/31/11)

Solyndra Is The Third U.S. Solar Manufacturer To File For Bankruptcy In A Month As Falling Panel Prices And Weak Global Demand Is Driving A Wave Of Industry Consolidation. (Ehren
Goossens, Solyndra, Maker Of Solar Modules, To File For Bankruptcy, Cut 1,100 Jobs, Bloomberg News, 8/31/11)

Taxpayers On The Hook

Taxpayers May Be Left On The Hook For The Federal Loans Received By Solyndra. Taxpayers might be on the hook for the full amount of the loan if Solyndra is unable to repay, experts in the stimulus and loan guarantee program said Wednesday. The Energy Department could seek repayment in court, but receiving more than a nominal amount is unlikely because of the companys lack of cash and assets. (Joe Stephens & Carol D.
Leonnig, Solyndra Solar Company Fails After Getting Controversial Federal Loan Guarantees, The Washington Post, 8/31/11)

Taxpayers Will Not Be The First To Recoup Monies From Solyndra; Investors Will Be The First To Receive Funds From Bankruptcy. Republicans are already dancing on the grave of Solyndra, the solar panel manufacturer that received a $535 million federal loan in 2009 and collapsed on Wednesday. Heres more music they can dance to: Sources tell me the Obama administration restructured the loan this winter, so taxpayers probably wont even be the first creditors to get paid after Solyndra files for bankruptcy next week. (Michael Grunwald, Big Name Investors Behind Obamas Failed Green Tech Bet First In Line To Recoup Losses, Times Swampland, 9/3/11)

The First $75 Million Will Go To Two Investors, Including Billionaire George Kaiser, An Obama Campaign Bundler. The first $75 million will go to two Solyndra investors who poured in extra cash when the company nearly went bust in January. And one of them is a venture associated with the billionaire George Kaiser, an Obama campaign bundler. (Michael Grunwald, Big Name Investors Behind
Obamas Failed Green Tech Bet First In Line To Recoup Losses, Times Swampland, 9/3/11)

George Kaiser's Argonaut Ventures Are The Single Largest Shareholder Of Solyndra. Kaiser's Argonaut Ventures and its affiliates have been the single largest shareholder of Solyndra, according to SEC filings and other records. The company holds 39 percent of Solyndra's parent company, bankruptcy records filed Tuesday show. (Ronnie Greene And Matthew Mosk, Obama Officials Sat In On Solyndra Meetings,
iWatch And ABC News, 9/9/11)

George Kaiser's Argonaut Ventures Will Be Able To Recoup Losses Before Taxpayers, Or Other Investors. Under terms of the bankruptcy filing, investors including Argonaut -- which led a $75 million round of financing for Solyndra earlier this year -- will stand in line before the federal government and other creditors to recoup its losses. (Ronnie Greene And Matthew Mosk, Obama Officials Sat In On 8

Solyndra Meetings, iWatch And ABC News, 9/9/11)

Further Questions
Obamas Energy Department Was Sitting In On Solyndra Board Meetings, Raising The Question: Did The Obama Administration Miss Obvious Warning Signs Of The Companys Troubles In The Final Months Before Its Collapse? The Energy Department was keeping a close eye on Solyndra during those crucial months sitting in on board meetings as an observer as part of the loan restructuring, iWatch News and ABC reported Thursday. That raises key questions: Did DOE miss obvious warning signs of the companys troubles in the final months before its collapse? (Ronnie Greene And Matthew Mosk, Solyndra Investigation Expands
With Raid Of Executives' Homes And Files, iWatch News, 9/9/11)

Now, Even Democratic Leaders Are Questioning Whether Solyndra Misled The Government. (Ronnie
Greene And Matthew Mosk, Solyndra Investigation Expands With Raid Of Executives' Homes And Files, iWatch News, 9/9/11)

Those Questions Reveal A Significant Turn, As DeGette And Waxman Were Among Members To Vote Against Subpoenaing The White House Budget Office For Records On The Loan. (Ronnie
Greene And Matthew Mosk, Solyndra Investigation Expands With Raid Of Executives' Homes And Files, iWatch News, 9/9/11)

GAO Auditors Are Worried That Similar Green Companies May Default Due To The DOEs Rush To Provide Loans. GAO auditors fear that similar defaults could happen with other projects, possibly including the other four it found werent properly vetted. The GAO last year uncovered the departments rush to provide Solyndra its loan less than 60 days after Energy Secretary Stephen Chu was sworn in to the fledgling administration without completing required reviews. (Carol Leonnig, After Solyndra Failure, Auditors
Wonder What Other Bad Bets Obama Officials Made, The Washington Post, 9/1/11)

Solyndras Political Connections

Some Of The Biggest Investors In Solyndra, Which Makes Easy-To-Install Solar Panels, Were Venture Capital Funds Associated With Tulsa Billionaire George Kaiser, A Key Obama Fundraiser.
(Carol D. Leoning, Joe Stephens, and Alice Crites, Obamas Focus On Visiting Clean-Tech Compaines Raises Questions, The Washington Post, 6/25/11)

George Kaiser Bundled Between $50,000 And $100,000 For Obamas 2008 Campaign. (Center For
Responsive Politics, opensecrets.org, Accessed 9/9/11)

Kaiser Made 16 Visits To The Presidents Aides Since 2009, According To White House Visitor Logs.
(Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel Makers Finances, Bloomberg, 9/9/11)

Kaiser Met With White Houses Advisors The Same Month The Energy Department Gave Solyndra The Loan Guarantee. His first recorded visit to the White House was March 12, 2009, when he met separately with Austan Goolsbee, a senior economic adviser to Obama, Pete Rouse, a senior adviser to the president, and Heather Higginbottom, deputy director of the Domestic Policy Council. The next day he met with Jason Furman, a member of Obamas National Economic Council. That month, the Energy Department awarded Solyndra the $535 million loan guarantee to commercialize its cylindrical solar panels. (Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel Makers
Finances, Bloomberg, 9/9/11)

Kaiser Has Also Met With Valerie Jarrett, And Former Obama Chief Of Staff Rahm Emanuel. In June, Kaiser met with senior Obama adviser Valerie Jarrett, policy adviser David Pope and Chief of Staff Rahm Emanuel. His most recent meeting covered by the White House logs was on April 11 of this year, with Rouse. (Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel Makers Finances, Bloomberg, 9/9/11)

Christian Gronet, The Chairman Of Solyndra, Met With Greg Nelson, From The White House Office Of Public Engagement On Sept. 22, 2009. (Jim Snyder, FBI Raids Bankrupt Solyndra as Lawmakers Question Panel Makers Finances,
Bloomberg, 9/9/11)

Solyndra CEO Brian Harrison Met With Obama On December 7, 2010. (Visitor Access Records, The White House,
Accessed 9/9/11)

According To White House Visitor Logs, Between March 12, 2009, And April 14, 2011, Solyndra Officials And Investors Made No Fewer Than 20 Trips To The West Wing. (Amanda Carey, Solyndra Officials Made
Numerous Trips To The White House, Logs Show, The Daily Caller, 9/8/11)

Including Four Separate Visits The Week Before Receiving Their Loan Guarantee. In the week before the administration awarded Solyndra with the first-ever alternative energy loan guarantee on March 20, four separate visits were logged. (Amanda Carey, Solyndra Officials Made Numerous Trips To The White House, Logs
Show, The Daily Caller, 9/8/11)

Follow Solyndras Money

Ben Bierman, Executive Vice President At Solyndra Has Given $2,300 To Obama, And Has Given $2,150 To Democrat Party Committees And Democrat Aligned Committees. (Matthew Mosk And Ronnie Greene, Did
Obama Administration Cut Corners For a Green Energy Company?, ABC News And IWatch News, 5/24/11; Center For Responsive Politics, opensecrets.org, Accessed 8/31/11)

Including $500 To Priorities USA Action, A Super PAC Supporting President Obama. (Center For

Responsive Politics, opensecrets.org, Accessed 8/31/11; Michael OBrien, Obama Alumni Launch New Outside Group To Boost Reelection, The Hills Briefing Room Blog, 4/29/11)

Karen Alter, Solyndras Senior VP Marketing, Donated $2,300 To Obama In 2008, And Has Donated $11,000 To The DNC. (Center For Responsive Politics, opensecrets.org, Accessed 8/31/11; Solyndra, Bloomberg Government, Accessed 8/31/11)

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Since 1998, James F. Gibbons, A Member Of Solyndras Board Of Directors, Has Contributed $13,500 To Democrat Campaigns And Affiliates. (Center For Responsive Politics, opensecrets.org, Accessed 8/31/11; Solyndra, Bloomberg
Government, Accessed 8/31/11)

Since 2008, Winston Fu, A Member Of Solyndras Board Of Directors, Has Contributed $4,550 To Democrat Campaigns And Affiliates , Including $3,050 To Obama. (Center For Responsive Politics, opensecrets.org,
Accessed 8/31/11; Solyndra, Bloomberg Government, Accessed 8/31/11)

Since 1991, Thomas Baruch, A Member Of Solyndras Board Of Directors, Has Contributed $7,150 To Democrat Campaigns And Affiliates. (Center For Responsive Politics, opensecrets.org, Accessed 8/31/11; Solyndra, Bloomberg Government,
Accessed 8/31/11)

Steven R. Mitchell, A Member Of Solyndras Board Of Directors, Donated $2,300 To Obama In 2007.
(Center For Responsive Politics, opensecrets.org, Accessed 8/31/11; Solyndra, Bloomberg Government, Accessed 8/31/11)

More On Obamas Failed Green Energy Agenda Solyndra Is Not The Only Investment In A Green Company With Close Political Ties To Obama
Obamas Department Of Energy Has Been Undeterred By The Failure Of Solyndra. Undeterred by the bankruptcy filing of a California solar company that got $535 million in federal loan guarantees, the Energy Department is issuing two more large loan guarantees, albeit to companies that look like safer bets. (Matthew
L. Wald, 2 More Solar Companies Get U.S. Loan Backing, The New York Times, 9/7/11)

SolarCity Will Place Solar Systems On Military Buildings. SolarCity will place solar systems on as many as 160,000 military housing buildings, base warehouses and administrative buildings. The first installations, at Hickam Air Force Base in Hawaii, are already under way. (David R. Baker, SolarCity Gets $1 Billion Federal Housing Contract,
The San Francisco Chronicle, 9/8/11)

SolarCity Will Own The Systems, Leasing Them To Private Companies. SolarStrong will focus on military residences that are owned and maintained by private companies, such as Lend Lease at Hawaii's Hickam base. SolarCity will install, own and operate the solar systems, either leasing those systems to the private housing companies or selling them the electricity through long-term power purchase contracts. (David R. Baker, SolarCity Gets $1 Billion Federal Housing Contract, The San Francisco Chronicle, 9/8/11)

The Department Of Energy Will Guarantee $275 Million Of SolarCitys $344 Million Loan. If all goes as planned, the SolarStrong Project will be funded entirely by private-sector financing. USRG Renewable Finance, working with Bank of America Merrill Lynch, will provide the project's first $344 million loan. However, the U.S. Department of Energy will guarantee $275 million of that loan. (David R. Baker, SolarCity Gets $1
Billion Federal Housing Contract, The San Francisco Chronicle, 9/8/11)

Taxpayers Will Be Left On The Hook Should SolarCity Fail To Pay The $344 Loan From USRG Renewable Finance. Rive emphasized that the Energy Department is not directly funding the SolarStrong Project. Rather, it is acting as an insurer for USRG's loan. Taxpayers would be on the hook if SolarCity were unable to repay USRG. (David R. Baker, SolarCity Gets $1 Billion Federal Housing Contract, The San
Francisco Chronicle, 9/8/11)

Elon Musk Is The Chairman Of Solar City, As Well As The Chairman And CEO Of Tesla Motors. Elon is the Chairman of SolarCity, the leading residential solar provider in the U.S. In addition to his role at SolarCity, Elon is also the co-founder, chairman and CEO of Tesla Motors, an all-electric American car company. (About Elon Musk, SolarCity.com, Accessed 9/8/11)

Elon Is Also The Founder And CEO Of Spacex- A Space Launch Vehicle Company.
SolarCity.com, Accessed 9/8/11)

(About Elon Musk,

Musk Has Visited The White House At Least Four Times Since October 2009. (Visitor Access Records, The White
House, Accessed 9/8/11)

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Musk Contributed The Maximum $35,800 To The Obama Victory Fund On April 15th. (Federal Election
Commission, fec.gov, Accessed 9/8/11)

Musk Contributed $2,300 To Obamas 2008 Campaign. (CQ Moneyline, Accessed 9/8/11) Musk Contributed $1,000 To Rep. Debbie Wasserman Shultzs 2010 Campaign. (CQ Moneyline, Accessed
9/8/11)

Obamas Department Of Energy Loaned Tesla Motors $465 Million In June 2009. The Obama Administration will lend Tesla Motors $465 million to build an electric sedan and the battery packs needed to propel it. It's one of three loans totaling almost $8 billion that the Department of Energy awarded Tuesday to spur the development of fuel-efficient vehicles. (Chuck Squatriglia, Feds Lend Tesla $465 Million To Build Electric Car,
CNN, 6/23/09)

Tesla Motors Was A Steve Westly Investment. (The Westly Group Website, Accessed 9/8/11)

Another Of Westlys Investments, Solexel, Just Announced A $13 Million Award From Obamas Department Of Energy. Owens Corning and Solexel have been awarded $13 million in funding from the United States Department of Energy (DOE) for projects that will help shape the next generation of solar energy technologies. The funding is part of the DOE's SunShot Initiative which seeks to make solar energy systems more affordable and sustainable for homeowners. (Owens Corning, Owens Corning and Solexel Awarded $13MM for
Advanced Building-Integrated Solar Technology by Department of Energy, Press Release 9/2/11)

Green Venture Capitalist Steve Westly Has A Lucrative Relationship With The President And His Stimulus
Steven Westly Bundled For Obama In 2008, Bringing The Obama Campaign Over $500,000. (Center For
Responsive Politics, Opensecrets.org, Accessed 9/8/11)

Westly Is Again Bundling For The Obama Campaign In 2012, Already Bringing In Between $100,000 And $200,000. Center For Responsive Politics, Opensecrets.org, Accessed 9/8/11)

Steve Westly Served As The California Co-Chair Of Obama For President In 2008. In the 2008 election cycle Mr. Westly served as a California co-chair and a National Finance Committee member of the Obama for America campaign. (The Westly Group Website, Accessed 9/8/11)

He Currently Serves On The Secretary Of Energys Advisory Board As A Representative For The Venture Capital Industry. (The Westly Group Website, Accessed 9/8/11)

Westly Worked In Jimmy Carters Department Of Energy And Was Considered For Secretary Of Energy In The Obama Administration. Steve Westly, California State Controller and Obama supporter, is rumored to be on the short list to be Obama's Secretary of Energy. An early proponent of alternative energy who worked Department of Energy's Office of Solar and Conservation under Carter, Westly would be a good face for Obama's alternative energy programs. (Obama's Secretary Of Energy: Steve Westly?, The Huffington Post, 11/30/08) Companies That Steve Westlys Firm Invests In Received Over A Half Billion Dollars In Stimulus Funds And Government Loans From Obama The Westley Groups Portfolio Includes Exited Investments: Amyris Biotechnologies, China Recycling Energy Corp., Eka Systems, And Tesla Motors. (The Westly Group Website, Accessed 9/8/11)

Current Investments Include: Amonix, CalStar, CleanWell, Cooliris, EdenIQ, Enerkem, Glacier Bay, Greengate Power, Lunera Lighting, RecycleBank, Revolution Foods, Scientific Conservation, ShotSpotter, Solexel And Soladigm. (The Westly Group Website, Accessed 9/8/11)

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$465 Million: Tesla Motors Received A $465 Million Loan From The Obama Department Of Energy To Produce A $50,000 Luxury Electric Sedan. Tesla Motors has received approval for about $465 million in low-interest loans from the US Department of Energy to accelerate the production of affordable, fuelefficient electric vehicles. Tesla will use $365 million for production engineering and assembly of the Model S, an all-electric family sedan that carries seven people and travels up to 300 miles per charge. The Model S has an anticipated base price of $49,900 after a $7,500 US federal tax credit. It has lifetime ownership costs equivalent to a conventional car with a sticker price of $35,000, thanks to the lower cost of electricity vs. gasoline and a relative lack of service and maintenance. Tesla expects to start Model S production in late 2011 in a state-of-the-art assembly plant employing about 1,000 workers. (Tesla Motors, Tesla Gets Loan Approval From Us
Department Of Energy, Press Release, 6/23/09)

$25.1 Million: Amonix Has Received $25.1 Million In Government Funding Since Obama Took Office, Including $9.5 Million From The Stimulus. Amonix previously raised $25 million in Series A funding from Goldman Sachs Group and MissionPoint Capital, and also received $15.6 million in grant funding through the Department of Energy Solar America Initiative (SAI). In 2010, Amonix received $9.5 million in stimulus funding . . . (Amonix, Solar Industry Leader Amonix Secures $129.4 MillionIn Private Equity Financing, Press Release, 4/20/10) $24 Million: Amyris Biotechnologies Received Over $24 Million From The Stimulus To Develop Industrial Biomass And Biofuels. (Grants Awards Summary; AMYRIS BIOTECHNOLOGIES, INC., Award# EE0002869, Recovery.Gov,
Accessed 9/9/11)

$20 Million: Logos Technologies Received A $20 Million Stimulus Grant To Work With EdenIQ Developing Feedstock Based Ethanol Fuel. Logos Technologies, Inc. and EdeniQ, Inc. announced today that they have been awarded a $20.4 million grant to modify and operate a pilot-scale bio-refinery plant to produce low-cost ethanol bio-fuel from cellulosic feedstock, such as corn stover and switch grass. Logos will manage the project, and EdeniQ will be responsible for the modification and operation of their existing refinery site in Visalia, CA. (Logos Technologies, Logos Technologies And Edeniq Awarded Cellulosic Bio-Ethanol Grant From U.S. Department Of
Energy, Press Release, 12/4/09)

$2.44 Million: CalStar Products Inc. Received $2.44 Million In Tax Credits To Open A Green Brick Plant In Wisconsin. CalStar Products, Inc. opened its first green brick and paver plant on Monday in the Village of Caledonia, in southeastern Wisconsin, less than 80 miles north of Chicago. . . . On Friday, CalStar was awarded a $2.44M tax credit under the Recovery Act Advanced Energy program for clean energy manufacturing projects. (CalStar Products Inc., CalStar Products Opens Green Brick Plant, Press Release, 1/12/10) $700,000: RecycleBank Was Paid Over $700,000 Through The Stimulus Program As Part Of A Contract With The City Of Philadelphia To Put Radio Receivers On Recycling Bins. (Grants Awards Summary;
Philadelphia, City Of, Award# DE-EE0000927, Recovery.gov, Accessed 10/20/10)

A Similar Program In Cleveland Fines Tracks Your Recycling Habits And Fines Non-Recyclers Up To A $100. It would be a stretch to say that Big Brother will hang out in Clevelanders' trash cans, but the city plans to sort through curbside trash to make sure residents are recycling -- and fine them $100 if they don't. The move is part of a high-tech collection system the city will roll out next year with new trash and recycling carts embedded with radio frequency identification chips and bar codes. (Mark Gillespie, High-Tech Carts Will Tell On Cleveland Residents Who Don't Recycle ... And They Face $100 Fine, The Cleveland Plain
Dealer, 8/20/10)

Revolution Foods Won A Contract To Institute A Pilot School Lunch Program In DC Public Schools. On Monday, D.C. Public Schools took its own step in improving school food when it announced the new vendors it has selected to provide more healthful meals for two pilot programs scheduled to begin this fall at 14 D.C. elementary schools. Revolution Foods, a California-based company that serves 25 D.C. schools from a kitchen in Glen Burnie, will provide prepackaged meals at seven schools that are undergoing renovations and have no student lunchroom. DC Central Kitchen will provide made-from-scratch meals such as vegetable stir fries and homemade quiches at seven schools in Northeast Washington. (Jane Black, D.C. Schools
Names Two Vendors To Provide Healthful Meals In Pilot Program, The Washington Post, 8/3/10)

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As Michelle Obamas Signature Issue, The Administration Has Set Aside $1 Billion For Tastier Lunches But Revolution Foods Adds Considerable Costs To Cafeteria Budgets. The administration, too, supports improving school food, at least rhetorically: President Obama has proposed an additional $1 billion for child nutrition programs, including school lunch, in his 2010 budget. Michelle Obama is promoting healthful eating as a signature issue. . . . Hiring Revolution Foods for the 2009 school year was a financial stretch at the KIPP LEAP Academy, a charter school in Southeast Washington. To cover the gap between what the federal government pays and what Revolution Foods charges, the school had to secure a $25,000 grant. (Jane Black, At Some Schools, Tastier Trays
Come at a Price, The Washington Post, 9/30/09)

And Not Obamas First Green Energy Investment To Fail

In A Stunning Reversal, The Frequently Lauded And Taxpayer-Funded SpectraWatt Inc. Has Told The State It Will Close Its Solar Cell Plant Starting In March And Lay Off 117 Workers. (Craig Wolf, Solar Cell
Maker SpectraWatt Plans Shutdown, The Poughkeepsie Journal, 12/22/10)

Labor Secretary Hilda L. Solis Touted Green Jobs In A News Conference Held At SpectraWatt. President Obama and I understand and believe that the first thing we have to do to turn the economy around is provide American families with good jobs, said Sec. Solis. That is why we are committed to investing in greening our economy. Green jobs pay 10-20 percent more and will be home-grown and not outsourced. (Craig Wolf, Labor Secretary Hails SpectraWatt Green Jobs, The Poughkeepsie Journal, 3/31/10)

Obamas $2.4 Billion Investment In Electric Car Batteries Is An Enormous Bet On A Product That Has Yet To Gain Broad Commercial Success. But the administration's $2.4 billion investment in the development of batteries and other electric-car technology in the United States is an enormous bet on a product that has yet to gain broad commercial success. Major manufacturers have yet to sell electric cars in the United States. Hybrids, though they have been around for a decade, represent less than 1 percent of the nation's roughly 250 million-vehicle fleet. (Anne E. Kornblut And Peter Whoriskey, Obama Pours Energy Into Electric-Car Batteries, But Will It
Jump-Start Industry? The Washington Post, 7/16/10)

GM Only Sold 125 Electric Chevy Volts In July 2011, Not Exactly Inspiring. The latest sales figures for Chevrolets Volt electric vehicle arent exactly inspiring. As Jonathan Last put it on the Weekly Standards blog: The July sales numbers are out and the Chevy Volt continues to electrify (get it?) the country. GM sold 125 Volts last month! (Tom Bemis, Chevy Volts Arent Selling Like Ipads, Market Watchs The Tell,
8/3/11)

Cheaper Cars That Dont Get Tax Benefits Are Selling Better. Volts list for around $40,000, but that can drop to the low $30s when a $7,500 tax credit is taken into account. Its that tax subsidy that really raises the ire of free-marketers. After all, cheaper cars that dont get tax benefits are selling better, even at GM. (Tom Bemis, Chevy Volts Arent Selling Like Ipads, Market Watchs The Tell, 8/3/11)

Seattle Mayor Mike McGinn Announced The City Had Won A Coveted $20 Million Federal Grant To Invest In Weatherization. McGinn Had Joined Vice President Joe Biden In The White House To Make It. It Came On The Eve Of Earth Day. It Had Heady Goals: Creating 2,000 Living-Wage Jobs In Seattle And Retrofitting 2,000 Homes In Poorer Neighborhoods. (Vanessa Ho, Seattles Green Jobs Program A Bust, The
Seattle Post- Intelligencer, 8/15/11)

So Far, The Program Has Been A Bust With Only Three Homes Having Been Retrofitted And Just 14 Jobs Created. But more than a year later, Seattles numbers are lackluster. As of last week, only three homes had been retrofitted and just 14 new jobs have emerged from the program. Many of the jobs are administrative, and not the entry-level pathways once dreamed of for low-income workers. Some people wonder if the original goals are now achievable. (Vanessa Ho, Seattles Green Jobs Program A
Bust, The Seattle Post- Intelligencer, 8/15/11)

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Federal And State Efforts To Stimulate Creation Of Green Jobs Have Largely Failed.
The Green Economy Is Not Proving To Be The Job-Creation Engine That Many Politicians Envisioned. In the Bay Area as in much of the country, the green economy is not proving to be the jobcreation engine that many politicians envisioned. President Obama once pledged to create five million green jobs over 10 years. Gov. Jerry Brown promised 500,000 clean-technology jobs statewide by the end of the decade. But the results so far suggest such numbers are a pipe dream. (Aaron Glantz, Number Of Green Jobs Fails To Live Up To
Promises, The New York Times, 8/18/11)

Federal And State Efforts To Stimulate Creation Of Green Jobs Have Largely Failed. Federal and state efforts to stimulate creation of green jobs have largely failed, government records show. Two years after it was awarded $186 million in federal stimulus money to weatherize drafty homes, California has spent only a little over half that sum and has so far created the equivalent of just 538 full-time jobs in the last quarter, according to the State Department of Community Services and Development. (Aaron Glantz, Number Of
Green Jobs Fails To Live Up To Promises, The New York Times, 8/18/11)

Job Training Programs Intended For The Clean Economy Have Also Failed To Generate Big Numbers. Job training programs intended for the clean economy have also failed to generate big numbers. The Economic Development Department in California reports that $59 million in state, federal and private money dedicated to green jobs training and apprenticeship has led to only 719 job placements the equivalent of an $82,000 subsidy for each one. (Aaron Glantz, Number Of Green Jobs Fails To Live Up To Promises, The New York Times,
8/18/11)

The Greening Of The Economy Equates To Just 17 Jobs Per $1 Million Spent. If you took the governments stimulus program on green activities, you get 17 jobs more or less per $1 million of expenditure, said economist Robert Pollin of the University of Massachusetts Amherst, whom the Commerce Department hired to run the numbers. (Ari Shapiro, Is Obamas Bet On Green Jobs Risky?, National Public Radio, 6/13/11) Industry Officials Question Whether Or Not Obama's "Grand Plans For A Green Nation" Are Realistic. "President Obama has grand plans for a green nation -- 1 million electric vehicles on the road within four years and clean power sources providing 80% of the nation's energy by 2035. But a day after getting a surprisingly extensive shout-out in Obama's State of the Union address -- he sees clean tech as the country's best chance to seize its 'Sputnik moment' -- industry officials were less than enthused and questioned whether the ambitious targets were even attainable." (Tiffany Hsu, "Obama's Clean-Energy Goals Have Industry Questioning
Feasibility," Los Angeles Times, 1/27/11)

Clean-Tech Companies Are Still Recovering From The Recession And Facing Stiff Competition From China. "The guarded reaction to Obama's speech comes as many clean-tech companies are struggling to recover from the recession and at the same time are facing aggressive competition from China. Many fear Obama's long range objectives will be distracting and take the focus off crucial, "Even Obama's Democratic Allies Say The Investment In A Clean-Energy Future Is Unlikely To Provide A Lot Of Relief To The Unemployed."(Michael D. Shear And Steven Mufson, "Obama Sticks With Clean-Energy Goals," The
Washington Post, 7/13/10)

Spending On Green Jobs Has Less To Do With Jobs Than With The Liberal Agenda. "'There are good reasons to create green jobs, but they have more to do with green than with jobs,' said Alan Blinder, a Princeton University economics professor and former Federal Reserve vice chairman. 'There is no reason on Earth to think that spending money on green jobs is more effective than spending on other things.'" (Michael D. Shear And Steven Mufson, "Obama Sticks With Clean-Energy Goals," The Washington Post,
7/13/10)

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