Beltway Confidential

OMB had warned Solyndra “NOT ready for prime time”

By Philip Klein
Published September 14, 2011 4:00am ET
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OMB had warned Solyndra “NOT ready for prime time”
Just over a week before the Obama administration’s Department of Energy granted a $535 million loan to now bankrupt solar panel manufacturer Solyndra, the White House Office of Management of Budget had warned that it was not ready. But the Obama administration charged ahead anyway given its zeal for subsidizing so-called “green technology.” The House […]

Just over a week before the Obama administration’s Department of Energy granted a $535 million loan to now bankrupt solar panel manufacturer Solyndra, the White House Office of Management of Budget had warned that it was not ready.

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