Via Hot Air:
Emails tie Obama fundraiser to Solyndra push
Advisers to Obama fundraiser George Kaiser discussed Solyndra and other government contracts during their visits last year to the White House, according to emails released Wednesday by House Republicans.
The emails between Kaiser and two of his top business associates center in part around Solyndra’s failed bid to win a second loan guarantee from the Energy Department for $469 million.
In one exchange from Feb. 27, 2010, Ken Levit, executive director of the George Kaiser Family Foundation, said aides to Vice President Joe Biden responded enthusiastically when the topic of the California solar company came up during a meeting about stimulus funding.
“They had an orgasm in Biden’s office when we mentioned Solyndra,” Levit wrote to Steven Mitchell, a managing director at Kaiser’s venture capital firm, Argonaut Private Equity.
“That’s awesome! Get us a doe loan,” Mitchell replied.
Republicans pounced on that email exchange and several others, arguing they “directly contradict” earlier claims from Kaiser and the Obama administration that they did not talk about Solyndra during more than a dozen meetings with senior White House officials, including then chief of staff Rahm Emanuel and Valerie Jarrett.
In a March 5, 2010, exchange, Kaiser and Mitchell discussed the push for a second loan guarantee and Solyndra CEO Chris Gronet’s “good call” with DOE loan guarantee chief Jonathan Silver.
“Apparently our application has been caught up with several other groups who were also wanting a second bite at the DOE loan guarantee apple,” Mitchell wrote to Kaiser.
But Silver “championed the cause that they should [get a second loan] and he has just this week apparently won that battle.”
“He would not say that we are the first one that will be considered but he all but did — he conceded that we are the only company to have actually closed and funded our loan and most of the other companies still have no revenues,” Mitchell added, noting that Energy Secretary Steven Chu “is apparently staying involved in Solyndra’s application and continues to talk up the company as a success story.”
“Sounds good,” Kaiser replied. “I assume that we would not move ahead with the offering until we have formal DOE approval or would you issue while you are under due diligence.”
“BTW, a couple of weeks ago when Ken and I were visiting with a group of Administration folks in DC who are in charge of the Stimulus process (White House, not DOE) and Solyndra came up, every one of them responded simultaneously about their thorough knowledge of the Solyndra story, suggesting it was one of their prime poster children.”
There is an old joke about a congressman meeting with some lobbyists. The congressman says “Gentlemen, we can discuss money or we can discuss legislation. But if we discuss them at the same time we’ll all go to jail.“
BTW – The words “orgasm” and “Biden” in the same sentence made me puke in my mouth.
Filed under: Barack Obama, Corruption, Crony Capitalism, Solyndra, Uncategorized | Tagged: Barack Obama, Corruption, Crony Capitalism, Solyndra | 39 Comments »