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Some staffers at the White House were concerned that the people in charge of this whole Solyndra thing at the Dept of Energy were “completely oblivious.†Isn’t that fantastic?It didn’t matter that Summers received specific and direct advice from an investment firm about the Solyndra investment, which said, “allocation of spending to clean energy is haphazard; the government is just not well equipped to decide which companies should get the money and how much. … One of our solar companies with revenues of less than $100 million (and not yet profitable) received a government loan of $580 million; while that is good for us, I can’t imagine it’s a good way for the government to use taxpayer money.†What mattered is that Obama wanted to push his stupid energy ideas regardless of pesky things like facts and logic.snipA few months later, Summers, Klain and others wrote a big fat letter to Obama, explaining all of the differences of opinion held by the OMB and the DOE, and gave Obama four options going forward – one of which was terminating the Solyndra loan altogether.I think we all know how this played out. Which is why it should be even MORE disturbing to you that Obama said last week that he DOESN’T REGRET his decision to give 1/2 a BILLION dollars of your money to Solyndra. “Hindsight is always 20/20″ he says. Except that he was warned, by people in his own administration.
