You are hereCampaign for America's Future: The Phony Solyndra Solar Scandal

Campaign for America's Future: The Phony Solyndra Solar Scandal


-By Dave Johnson

September 14, 2011- Well here's a surprise: conservatives and oil interests are pushing deceptive and destructive stories about President Obama and clean energy. Imagine that! Their intent (as always) is to turn people against President Obama, clean energy, national energy policy, stimulus to help the economy, and government in general. It's what they do. Here is some information to help you push back on the latest whipped-up, anti-green, anti-government, anti-Obama "scandal." 

Solyndra

Solyndra was a startup solar-power equipment manufacturer based in Fremont, California that went bankrupt at the end of August. The company's solar collectors used a special tubular internal design that let it collect light from all directions, and were made with a copper-indium-gallium-diselenide (CIGS) thin film that avoided using then-expensive silicon. It was one of several companies that received assistance from the government, in an attempt to push back on China's strategic targeting of green-energy manufacturing.

The company, partly backed by the conservative Walton family had received a loan guarantee from the Department of Energy. The loan, which was originally pushed by the Bush administration, was 1.3% of the DOE portfolio.

The economy tanked and cut demand, and at the same time Solyndra could not compete with subsidized companies located in China as they rapidly scaled up. So Solyndra ran out of money. Conservatives and oil interests are using the bankruptcy as a platform to attack green energy and the idea of green jobs in general, solar power in particular, President Obama as always, stimulus funding and the idea of developing a national strategic industrial policy to push back on China and others who have their own national policies to win this key industry of the future.  

Conservative Attacks

Conservative are accusing the Obama administration of corruption in choosing Solyndra to receive a government loan guarantee. The typical conservative-outlet story follows a template of Glenn-Beckian accusations that someone "connected to" Obama has "ties" to something. When you hear the phrasing "has ties to" you should understand this as code-speak for "has nothing to do with but can be made to appear to have some sinister involvement if you twist the wording a certain way."

Example template story: Bankrupt solar company with fed backing has cozy ties to Obama admin, 

A solar energy company that intends to file for bankruptcy received $535 million in backing from the federal government and has a cozy history with Democrats and the Obama administration, campaign finance records show.

Shareholders and executives of Solyndra, a green energy company producing solar panels, fundraised for and donated to the Obama administration to the tune of hundreds of thousands of dollars.

Tulsa billionaire George Kaiser, a key Obama backer who raised between $50,000 and $100,000 for the president’s election campaign, is one of Solyndra’s primary investors. Kaiser himself donated $53,500 to Obama’s 2008 election campaign, split between the DSCC and Obama For America. Kaiser also made several visits to the White House and appeared at some White House events next to Obama officials.

Campaign finance records show Kaiser and Solyndra executives and board members donated $87,050 total to Obama’s election campaign.

And now, just two years after securing a half-billion-dollar federal loan, Solyndra has said that it will declare Chapter 11 bankruptcy.

(Hold on to this part about Tulsa billionaire Kaiser as an investor for later.)

Another: Big Government, Sweethearts: Bankrupt Solar Power Firm Well Connected to White House, "Obama’s stimulus money handouts carry the stench of political favoritism."

Another: Hot Air: How did Solyndra get a sweetheart interest rate?

FOX News has been promoting this "scandal" story heavily. (It should be noted here that Fox's parent company News Corp's 2nd-largest shareholder is oil billionaire Saudi Prince al-Waleed - an "oil interest" if ever there was one.) For example, FOX News, a template story with the ever-hopeful conservative headline: Obama's Pet Billionaire at Solyndra May Take White House Down, 

A high profile, politically well-connected California solar energy company that had won a $535 million loan guarantee from the Obama Administration declared bankruptcy earlier this month and closed its doors sending 1100 workers to the unemployment line. The demise of Solyndra has already sparked an FBI investigation, congressional hearings, and raised numerous questions of political cronyism and corruption connected to the highest levels of the Obama Administration.

... One of the company's largest investors, George B. Kaiser of Tulsa, reportedly contributed $53,500 personally and bundled large amounts more for Obama in 2008. Kaiser is a billionaire with banking and oil and gas interests that rank him among the wealthiest people in the world. Kaiser also visited the White House 16 times between 2009 and 2011.

FOX News: RNC Uses Solyndra Investigation to Question New White House Jobs Proposal

FOX News: Could Solyndra Probe Mean Legal Trouble for White House?

FOX News: House GOP Widens Scope of Solyndra Investigation.

Etc., the story is repeated with various twists and added allegations throughout the conservative misinformation engine.  

FULL STORY HERE:

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