Officials of the Obama administration on Wednesday denied Republican charges of White House interference in a $528 million federal loan guarantee to Bay Area solar manufacturer Solyndra, warning that the company’s failure should not lead the nation to abandon a potential multitrillion-dollar solar energy market to China.” I cannot imagine we would be willing to cede what is undoubtedly one of the largest, if not the largest, industries in the world for the next several decades,” Jonathan Silver, executive director of the Department of Energy’s Loan Programs Office, informed the House Energy and Commerce Committee.
The bankruptcy of the company Fremont has embarrassed the administration and with a black eye in its push for “green jobs” and alternative energy. Solyndra manufactures closed August 31, 1179, and nearly all its workers were laid off. The FBI raided the factory last week and interviewed executives.
Republicans released excerpts by employees emails Energy Department and the White House Office of Management and Budget noted that the officials felt pressure to quickly find the loan so that a revolutionary Fremont September 4, 2009 was announced . Vice President Joe Biden, the satellite beamed, gave a speech, said the guarantee was “exactly what the Recovery Act is all about.” Obama calls the system during a visit to 2010.