Wednesday, September 14, 2011

Worse and worse: New e-mails show White House rushed OMB to approve Solyndra loan

Haven't been following the Solyndra story? It can be difficult, I know, when the mainstream press isn't interested. But thanks to the internet, there are outlets for stuff that the press would have been able to suppress 15 years ago. There's a lot of bad behavior here...
Until now, the White House has insisted that it didn’t intervene in the deal, but what else would you call it if, due to time constraints, OMB was forced to use a possibly sub-standard model that led to approval of a loan that everyone else knew shouldn’t have been made?

This is how much these people care about taxpayer money. Half a billion dollars down the tubes because they wanted to get one of their speeches just right.

In terms of our current financial situation, of course, half a billion dollars is meaningless. But it is indicative of mindset.

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