WASHINGTON, DC – Energy and Commerce Committee Chairman Fred Upton (R-MI) and Oversight and Investigations Subcommittee Chairman Cliff Stearns (R-FL) responded to documents the committee received late today from the Obama administration regarding the investigation into the $535 million Solyndra bust.
Upton and Stearns made the following statement:
“After eight months of stonewalling by this administration, today we finally learn one of the reasons why they fought our investigation every step of the way. The paper trail released by the White House portrays a disturbingly close relationship between President Obama’s West Wing inner circle, campaign donors, and wealthy investors that spawned the Solyndra mess. When asked about Solyndra this week, President Obama proudly proclaimed Solyndra ‘went through the regular review process, and people felt like this was a good bet.’ The facts say otherwise, but if Solyndra is evidence of Obama’s regular review process, then we have significant problems and taxpayers could be on the hook for billions.”
HEARING NOTICE: The Subcommittee on Oversight and Investigations has scheduled a hearing on “Continuing Developments Regarding the Solyndra Loan Guarantee” for Friday, October 14, 2011, in 2123 of the Rayburn House Office Building. Witnesses to be announced.