Jonathan Silver, the Head of the Federal Loan Program Resigns Amid Solyndra Scandal

 

Solyndragate and Solargate meet scapegoat.

Jonathan Silver, the head of the federal loan program has resigned in the wake of the Solyndra scandal. Or as the Obama administration refers to him as, the scapegoat. Well some one had to take the fall, but this is not close to being over. Energy Secretary Steven Chu should be the next one out the door.

Hat Tip: Michelle Malkin.com (fantastic header)

The head of the Energy Department’s embattled loan program announced Thursday that he was stepping down amid an expanding probe of the agency’s $535 million loan to a now-shuttered solar company.

The departure of Jonathan Silver comes as the Obama administration faces intense pressure from Capitol Hill about whether it properly vetted the solar start-up Solyndra before providing it with taxpayer backing. President Obama used a Thursday news conference to credit agency officials with using their “best judgment” in approving the loan, part of a $35.9 billion federal effort to invest in breakthrough technologies that could create jobs and spur economic growth.

But wait, whey is any one resigning, didn’t President Barack Obama say that nothing was suspicious with the Solyndra loans and that the government bets on businesses all the time, you win some and you lose some? Of course that is easy to say when you are using other people’s money … the tax payers money.

The next question is, why is Jonathan Silver walking the plank? He was not even in place when the Solyndra deal went down and is a minor player.Barack Obama and his minions are foolish if they think that this resignation is going to make the story go away. The Obama/White House connection to Solyndra and campaign bundlers will make this story have legs.

Silver took over as head of the program after the Solyndra deal went through, so he’s not on the hook for it and he was in charge when the department killed a second $469 million loan to the same company. If he’s guilty of anything, so far as I can see, it was a foolish devotion to the gossamer promises of “green jobs”. There are plenty of people who share his misplaced faith. On the other hand, we shouldn’t applaud him too much. He held on to that second Solyndra loan to the bitter end. The only thing that kept it from going through was a report from Solyndra’s own auditors that the company was on the verge of collapse.

What’s a little scandal to add to Obama’s failed Presidency? Oh yea, then there is that ‘Fast & Furious” thing that the Obama administration is denying involvement. Who will be the next to be thrown under the Obama bus and take the fall?



If you liked this post, you may also like these:

  • Bankrupt & Failed Obama Green Energy Agenda … Solyndra Building for Sale
  • Obama’s Failed Green Energy Policies: American Taxpayers Lose $139 Million on Fisker Automotive Loan
  • Another Obama Touted Green Energy Company Lays off Workers, Abound Solar Received $70 Million and Lays Off 280 Employees
  • Hmmm Solyndragate … FBI RAIDS SOLYNDRA, the Barack Obama Backed & Funded Green Energy Failure
  • Obama White House Knew “Green” Electric Car Maker Fisker Automotive was Failing and Still Gave them More Tax Dollars




  • Comments

    3 Responses to “Jonathan Silver, the Head of the Federal Loan Program Resigns Amid Solyndra Scandal”

    1. NGBoston on October 7th, 2011 6:42 am

      Scapegoat resignation.

      Honestly, do the powers that be behind the dirty mess that is/was Solyndra really think America is that stupid?

      What an insult. America knows better.

    2. NGBoston on October 8th, 2011 5:48 am

      Funding campaign donations—Gee, you DON’t say…

      America to Barack Husien Obama===YOU SUCK! Where is David Plouffe now? Wow, I’d be anything to be THAT JOURNALIST to have an interview with him about the BRILLIANT campaign mgmt./funding he did for Obama—and, specifically- S.O.L.Y.N.D.R.A.

      Dirty, dirty David and Barack!

      READ:

      http://www.latimes.com/business/la-fi-solyndra-white-house-20111008,0,481886.story

    3. NGBoston on October 8th, 2011 6:00 am

      And this:

      http://www.reuters.com/article/2011/10/07/solyndra-idUSN1E7961RC20111007

      Let’s waste millions more in investigation and get to the bottom of this dirty mess.

      Complete sarcasm here, but I actually would support use of Federal Money for a continued massive and thorough investigation on this mess. The timing is lovely, right before next years ELECTION.

      Wave Buh-Bye, BARACK!

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