White House budget analysts warned in January that a controversial decision to restructure a $535 million government loan to a struggling solar power company “could easily be portrayed as bad judgment or worse,” just-released emails now show.
The latest emails are part of an emerging portrait of the troubled government loan — a half-billion-dollar federal investment that went from being touted as a model of President Obama’s “green jobs” initiative to being criticized by Republicans as an ill-advised boondoggle.
Senior Energy Department officials in January said the loan restructuring was common with startup ventures. But internally, the restructuring decision was the source of intense debate and disagreement.
Staffers were not only worried about the financial risks but also the political risks to the 2012 campaign.
The Solyndra episode is reason enough for their to be real reform and transparency in the tracking of political donations and government decison making to ensure both clean government and the right of the people to be involved in the political process and seek govenmental benefits to which they are entitled.