Most Ethical Administration EVAH!, Update the Millionth

In which we learn (thanks, LC angrywebmaster) of how the SCOAMF administration pressured (while dangling some taxpayer funds in front of their noses) Solyndra execs to hold off announcing their imminent massive layoffs until at least a bit after the 2010 midterms.

Solyndra’s chief executive warned the Energy Department on Oct. 25, 2010, that he intended to announce worker layoffs Oct. 28. He said he was spurred by numerous calls from reporters and potential investors about rumors the firm was in financial trouble and was planning to lay off workers and close one of its two plants.

But in an Oct. 30, 2010, e-mail, advisers to Solyndra’s primary investor, Argonaut Equity, explain that the Energy Department had strongly urged the company to put off the layoff announcement until Nov. 3. The midterm elections were held Nov. 2, and led to Republicans taking control of the U.S. House of Representatives.

“DOE continues to be cooperative and have indicated that they will fund the November draw on our loan (app. $40 million) but have not committed to December yet,” a Solyndra investor adviser wrote Oct. 30. “They did push very hard for us to hold our announcement of the consolidation to employees and vendors to Nov. 3rd – oddly they didn’t give a reason for that date.”

It’s a complete mystery, isn’t it? We’re utterly, completely, truly baffled here!

Oh, and nicely played with the “here’s $40 million more to start, but we’re not sure about the next donation just yet. Oh, and by the way, we’d be really appreciative if you’d hold off that announcement for a bit. No, the two things have nothing to do with each other, not at all! Honest!”

Nope, Jonathan Alter, no scandals at all in the SCOAMF administration.


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November 15, 2011 13:03

Always glad to be of service My Lord. I’m trying to decide if I should write something up or not.

LC Sir Clambake, Imperial Black Ops Technician, K.o.E.
LC Sir Clambake, Imperial Black Ops Technician, K.o.E.
November 15, 2011 19:59

There really are times when it would be nice if we had some law enforcement going on, you know?

LC Aggie Sith, a goddess, only different, G.G.O.R.
LC Aggie Sith, a goddess, only different, G.G.O.R.
November 16, 2011 20:03

You want some more?

Back when Obama was a senator, he invested about $100K into a company called Skyterra.

Skyterra is the old name for Lightsquared.

This Lightsquared:

lc purple raider
lc purple raider
November 16, 2011 20:38

Can someone tell me, exactly, what Nixon was impeached for, exactly? I swear, every day it’s another payoff, another crony, and another back scratch. But, we impeached Nixon, because the left wanted George fucking Mcgovern for president. Now we have someone who makes Mcgovern look like a piker. An inexaustible supply of rope, a state with many forests, every member… Read more »

Imperial Grammar Nazi, G.L.O.R
Imperial Grammar Nazi, G.L.O.R
November 17, 2011 08:56

lc purple raider says:

Can someone tell me, exactly, what Nixon was impeached for, exactly?

He wasn’t. He resigned under threat of impeachment. IIRC, only two presidents have been impeached: Andrew Johnson and Slick Willie.