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According to the letter, more than a few senior officials within the administration advised against making many of the risky loans to “green” companies. DoE Secretary Steven Chu, however, apparently “defeated” the opposition and handed out the vast sums of taxpayer money under highly unfavorable and possibly unlawful terms anyway.
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Obama ‘Green Energy’ Scandals Widen
TheNewAmerican.com
The Obama administration and its Energy Department are under fire over controversial “green energy” schemes yet again, with Republican lawmakers alleging on August 15 that senior officials may have violated federal law by attempting to conceal records using private e-mail accounts. Last week, the House Oversight Committee also requested more information from President Obama about his personal involvement in funneling billions of taxpayer dollars to politically connected companies such as Solyndra that later failed.

In a letter sent on August 8, House Oversight and Government Reform Committee Chairman Darrell Issa (R-CA) and two other senior GOP members of Congress said they had acquired documents that sparked serious concerns over potential cronyism. They asked Obama to explain the extent of his participation in the scandal, as well as to detail his knowledge of decisions made by White House officials that resulted in gargantuan losses to taxpayers.

“The Committee on Oversight and Government Reform has obtained documents which raise questions about how your interactions with business leaders at political events affected decisions to give billions of taxpayer dollars in loan guarantees to green energy companies through the Department of Energy’s ('DoE') 1705 Loan Guarantee Program,” wrote Issa and Subcommittee Chairmen Jim Jordan and Trey Gowdy Jordan in their letter to President Obama. The loan program in question was used to shower the American people’s money on assorted well-connected firms, many of which are now bankrupt.

Lawmakers are asking the administration to provide documents and information to congressional investigators probing an assortment of green-energy scandals -- including a “full explanation” of Obama’s involvement. Republicans are also seeking to uncover details of any discussions the president may have had about energy projects at “political” events.

“The failure of several companies that received loans under the program, including Solyndra’s August 2011 bankruptcy, led to the loss of hundreds of millions of dollars in taxpayer funds,” the letter states. “The newly-obtained documents show that senior members of the administration were aware of substantial risks to taxpayers and objected to the way the funds were being distributed. They were overruled.”

According to the letter, more than a few senior officials within the administration advised against making many of the risky loans to “green” companies. E-mails cited in the document suggest Treasury Secretary Timothy Geithner, former Office of Management and Budget (OMB) director Jacob Lew, and National Economic Council Director Gene Sperling -- Obama's top economic advisors -- were all opposed to some elements of the Energy Department's failed schemes.

DoE Secretary Steven Chu, however, apparently “defeated” the opposition and handed out the vast sums of taxpayer money under highly unfavorable and possibly unlawful terms anyway. “The American people have a right to know who adjudicated that dispute and what factors led to that decision,” lawmakers said in the letter to Obama asking for more documents.

Another e-mail cited by lawmakers was from DoE Chief of Staff Brandon Hurlbut. In June of 2011, Hurlbut wrote to Secretary Chu that President Obama regularly hears about the loan guarantee program "because at official events and political events he interacts with business community and Congressional members -- many of them have some affiliation or interest in the numerous [loan guarantee] applications [DoE has] received that involve substantial funds.”

That message, as well as Chu’s response to it, appears to contradict past statements by the Obama administration indicating that all DoE loans were made within the department based solely on their merits. Other e-mails also suggest that bad decisions may have been rushed due to political pressure on particular projects that were “important” to the president.

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