Buried in the avalanche of Cuba and North Korea news was this revealing tidbit about the Obama administration's environmental priorities:
The Obama administration will set duties on solar products from China and Taiwan that combined could exceed more than 200 percent, adding fuel to a renewable-energy clash between the U.S. and China.Read more
When solar panel maker Solyndra declared bankruptcy in September 2011, the Obama administration defended its $535 million loan guarantee to the company by touting the need to compete with China. At a congressional hearing, Jonathan Silver, then executive director of the Energy Department’s Loan Programs Office, said, “[In 2010, China] alone provided more than $30 billion in credit to the country’s largest solar manufacturers through the government-controlled China Development Bank. That’s roughly 20 times larger than America’s investment in the same time period.”Read more
President Obama, who is in California for campaign events, fundraised from key Solyndra figures last night. Via the pool report:Read more
Lis Smith, a spokesman for President Barack Obama's reelection campaign, touted Solyndra by saying the failed energy company that received federally backed loans has been "widely praised as successful and innovative."Read more
Mitt Romney's latest web ad targets President Obama's inability to create jobs, the failures of the Department of Energy's loan guarantee program, and "contracts steered to ‘friends & family.'" Watch here:
Here's the script:
President Obama's reelection team released a campaign ad this morning that features this graphic, touting the supposed "jobs created by President Obama's clean energy initiatives."Read more
Politico: "Romney preps Gingrich attack"
National Journal: "Here's a telling sign of how much President Obama's fortunes have changed since 2008 -- a leading Democratic Congressional recruit is now attacking a Republican congressman for supporting the president."Read more
Thankfully, most Americans were probably too busy with the holiday to read the preposterous editorial yesterday in the New York Times. The Grey Lady examined the Solyndra scandal and concluded Republicans are really off base for having the temerity to complain about throwing taxpayer dollars down a rathole in the name of enriching big Democratic donors:Read more
Bill Kristol, with Juan Williams and Charles Krauthammer, last night on Fox News:Read more
Associated Press: "Obama donor discussed solar loan with White House"
Associated Press: "Penn State trustees oust football coach Joe Paterno, president Graham Spanier"Read more
Earlier this week it was reported that the White House considered a last-minute taxpayer bailout of Solyndra, the failed solar panel maker that received a $529 million loan guarantee. One of the more interesting aspects of that deal—which would have had taxpayers purchasing as much as 40 percent of the company—was that it was allegedly recommended by Wall Street firm Lazard Ltd. According to the Associated Press:Read more
Beacon Power Corporation, which filed for bankruptcy late last week, was the recipient of a $43 million loan guarantee from the Energy Department. Campaign contribution information from Open Secrets shows that Beacon Power's CEO F. William Capp donated to both Barack Obama and two Massachusetts Democrats..Read more
About 24 hours after he recited the oath of office, Barack Obama addressed senior executive branch officials and cabinet secretaries at the Eisenhower Executive Office Building. The new president promised that his administration would bring a new openness to Washington, with strict ethics requirements and a presumption in favor of public disclosure of, well, almost everything.Read more
Foreign Policy: "How the Obama administration bungled the Iraq withdrawal negotiations"
Fantastical Andrew Fox: "Solyndra on Wheels?"Read more
Financial Times: "Greece approves austerity bill on first reading"Read more
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