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Public Statements

More Solyndra E-mails Revealed

Statement

By:
Date:
Location: Washington, DC

The House Energy and Commerce Committee is continuing its investigation of the government loan to Solyndra, the failed solar company. This week, the committee uncovered e-mails showing that the Energy Department considered giving the company an additional loan of $429 million. Also, a government manager sent e-mails to the White House warning against a presidential visit to the company. He wrote that a visit could be embarrassing since the company's financial health was so poor that it could fail. The President visited anyway, and the company declared bankruptcy as was predicted by analysts. Unfortunately, the President is not apologizing for the lost taxpayer dollars insisting that government has to keep risking public money on private companies.


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