OH MY: WHITE HOUSE EMAILS PROVE THAT OBAMA WAS WARNED NOT TO GIVE SOLYNDRA THE LOAN

WHITE HOUSE EMAILS SHOW OBAMA GAVE HIS CRONIES AT SOLYNDRA $535 MILLION DESPITE SEVERAL WARNINGS! UNREAL:

The new documents show a private investor in Solyndra questioning why the federal government, back in September 2009, agreed to put up so much money — $535 million — to help the company expand given the questions about its financial future.

“One of our solar companies with revenues of less than $100 million (and not yet profitable) received a government loan of $580 million,” the investor, Brad Jones, an executive at Redpoint Ventures, wrote in December 2009 to Lawrence H. Summers, then the president’s chief economic advisor, referring to Solyndra. “While that is good for us, I can’t imagine it’s a good way for the government to use taxpayer money.”

The investment, Mr. Jones said, demonstrated broad problems with the government loan program.

The most alarming issue to the White House official was growing evidence that Solyndra, which filed for bankruptcy last month, was headed toward a collapse even in early 2010. It led the Office of Management and Budget officials to predict widespread problems with companies getting loan guarantees.

... “What’s terrifying is that after looking at some of the ones that came next, this one started to look better,” said one April 2010 e-mail, referring to the Solyndra decision, and others that followed. “Bad days are coming.”

The president visited the company the following month.

OBAMA SHOULD BE IMPEACHED FOR THIS.