SAY WHAT??? Former White House Chief of Staff Rahm Emanuel Dodges Solyndra Questions in Testy Exchange

October 12, 2011

Rahm: "It's not about warning signs Sometimes you're right, sometimes you're wrong"

IT'S NOT ABOUT WARNING SIGNS??? - If the Obama Administration Had Listened to Warning Signs Coming from its Own Experts, Taxpayers Would Not Be On the Hook for the Half Billion Dollar Bust

Obama OMB: Solyndra "deal is NOT ready for prime time."
March 10, 2009, Email between OMB staff regarding "Solar co loan announcement in northern california"

DOE staff concerned about Solyndra's cash flow: "(W)e still have a major outstanding issue. The issue of working capital assumptions has been a major issue repeatedly raised since December [2008]."
August 19, 2009, Email between DOE staff regarding "Solyndra"

DOE staff warns Solyndra will be out of cash in September 2011: "(T)he issue is cash balances the model runs out of cash in September 2011 even in the base case how can we advance a project that hasn't funded working capital requirements"
August 20, 2009, Email between DOE Staff regarding "Solyndra: Responses to Credit Analysis Questions"

Senior OMB staff feel jammed on Solyndra's final credit subsidy cost: "(W)e also need to make sure they don't jam us on later deals so there isn't time to negotiate those, too."
August 27, 2009, Email between OMB staff regarding "Final Solyndra Credit Subsidy Cost"

Senior OMB staff warns, "Given the time pressure we are under to sign-off on Solyndra, we don't have time to change the model"
August 27, 2009, Email between OMB staff regarding "Final Solyndra Credit Subsidy Cost"

Senior OMB official tells Terrell McSweeny, Domestic Policy Advisor for VP Biden, "We have ended up in the situation of having to do rushed approvals on a couple of occasions (and we are worried about Solyndra at the end of the week). We would prefer to have sufficient time to do our due diligence reviews and have the approval set the date for the announcement rather than the other way around."
August 31, 2009, Email between OMB staff and Terrell McSweeney, Domestic Policy Advisor for VP Biden regarding "DOE announcement"
 

Former White House Chief of Staff Rahm Emanuel claims he does not recall the doomed $535 million loan guarantee to now-bankrupt Solyndra. When asked about Solyndra in mid-September, Mayor Emanuel replied, "I don't actually remember that or know about it."

However, emails recently released by the White House tell a different story. CNN has detailed a closer connection between Mayor Emanuel and Solyndra, reporting on an email released by the White House that was sent by a senior adviser to the former White House Chief of Staff: "Ron said this morning that the POTUS definitely wants to do this (or Rahm definitely wants the POTUS to do this?)," one White House staffer told an Obama scheduler on Aug. 17, 2009, referring to Ron Klain, former chief of staff for Vice President Joe Biden.

Mr. Mayor, maybe it SHOULD have been about the warning signs. Instead, American taxpayers are left wondering why a half billion dollars worth of warnings were ignored.

 

Listen to Mayor Emanuel's comments HERE.

Read the report filed by Chicago's WLS 890 AM HERE.