In this May 26, 2010 file photo, President Barack Obama, with Solyndra Chief Executive Officer Chris Gronet, looks at a solar panel, during a tour of Solyndra, Inc., a solar panel manufacturing facility, in Fremont, Calif. Solyndra received a $535 million loan from the U.S. government has announced layoffs of 1,100 workers and plans to file for bankruptcy. (WaPo)
Top Obama bundler George Kaiser made multiple visits to the White House in the months before the company was granted a $535 million loan from the government.
iWatch News reported, via Free Republic:
The i Watch News investigation confirmed that at least 18 other bundlers have ties to businesses poised to profit from the president’s political agenda, through stimulus money, government contracts, or other spending to promote clean energy technology or green development.
Oklahoma billionaire investor George Kaiser is one. A longtime Democratic donor, he is a big financial backer of a company that in March of 2009 won a $535 million loan guarantee [19] from DOE for a solar plant in Silicon Valley. He had multiple visits to the White House in the months before he was awarded the contract. Kaiser has not responded to interview requests from iWatch News.
This doesn’t look very good considering it was widely known that Solyndra was in deep economic trouble in 2010 and had negative cash flows since its inception.
Kaiser says he did not use political influence or talk to administration officials about a massive government loan to Solyndra.
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