Bombshell: Obama chief of staff Daley briefed on Solyndra concerns six months before bankruptcy

posted at 9:21 am on August 3, 2012 by Ed Morrissey

The Solyndra scandal took a big step up the ladder today, as ABC News uncovers new evidence that shows fears over a collapse reached all the way into the West Wing.  An OMB analyst tried to raise red flags on the Obama administration’s attempt to rescue the now-bankrupt green-tech firm, before the Department of Energy rejected her advice and restructured the loans in March 2011, which illegally subordinated taxpayers in case of default. An e-mail from Kelly Colyar in August 2011 reminded recipients that she had predicted that very scenario — and that White House chief of staff had been briefed on her warning in February, before the restructuring:

Buried in the treasure trove of White House emails related to Solyndra released Thursday by the House Energy and Commerce Committee is one suggesting that concerns about Solyndra’s viability were shared all the way up to then-White House Chief of Staff Bill Daley a full six months before the company went bust. …

As Solyndra began sinking for good last August, Colyar sent an email summarizing the events leading to a near total taxpayers loss of the $535 loan.

“You may recall that DOE announced in March that they had restructured the Solyndra loan,” Colyar writes. “Prior to this restructuring, OMB staff expressed reservations about the prospects of the company and DOE’s proposal.”

And here’s the key line: “The issue was discussed with the NEC and the Chief of Staff.”

Oh, my.  Until now, the closest this has come to Barack Obama himself was yesterday’s revelation that Rahm Emanuel — Daley’s predecessor — came up with the brilliant idea to tie his boss personally to Solyndra.  Emanuel may or may not have been aware that Obama bundler George Kaiser had a significant investment in Solyndra, but I’m guessing he knew that all too well.  When Solyndra imploded, Emanuel’s advice ended up backfiring on Obama and leaving him open to charges of crony capitalism.

This, however, is much more serious.  This is the first time Obama’s inner circle has been tied to the restructuring and its illegal subordination of those taxpayer loans.  If Daley was briefed on the details of that restructuring before it got put in place and it still went forward, one can infer that Daley didn’t raise any objections to it.  It’s hard to imagine that Daley would have gone out on that limb without getting approval from the man to whom he directly reported — Barack Obama.

Even without the illegality in subordinating taxpayers, this is still very bad news for Obama.  The decision to move forward cost taxpayers an addition $380 million.  Did Obama give the personal OK to put that much more at risk on an already-failing company?  Again, it’s very difficult to imagine that Daley was making those kinds of calls without checking in with the boss.


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The most shocking news is not the email discovery and link to Daley, but the fact that ABC has actually discovered a testicle to report it.

hillsoftx on August 3, 2012 at 9:27 AM

Politicians are crooks?

Whaaaaaaaat?

Who knew?

PappyD61 on August 3, 2012 at 9:27 AM

“We tried our plan…AND IT WORKED!!!!”

worked all over the place….

BigWyo on August 3, 2012 at 9:27 AM

Who cares? Somebody told Harry Reid that Mitt Romney didn’t pay taxes for ten years and gays are attacking Chick-Fil-A! What’s a President who paid off his political cronies compared to those issues???

Happy Nomad on August 3, 2012 at 9:28 AM

Anybody who didn’t think this was the case already is willfully blind.

txmomof6 on August 3, 2012 at 9:28 AM

If Daley was briefed on the details of that restructuring before it got put in place and it still went forward, one can infer that Daley didn’t raise any objections to it.

umm … do we need to have the cause and effect talk again Ed?

Lost in Jersey on August 3, 2012 at 9:29 AM

This is the first time Obama’s inner circle has been tied to the restructuring and its illegal subordination of those taxpayer loans.

When I drive over the posted speed limit it is technically illegal. I have to admit I do frequently exceed the posted speed limit and understand that if I get caught, there will be some reprecussions, but not too severe to change my approach to driving.

I am assuming the same is true for this adminstration when it comes to stuff like this.

Since the MSM and establishment Republicans WILL NOT deliver any penalties, the administration will continue as desired.

dirtseller on August 3, 2012 at 9:29 AM

@michellemalkin

DLTDHYOTWO. MT @viewofadam: Cass Sunstein, admin of Office of Info&Regulatory Affairs, to leave & return to Harvard-POLITICO

petefrt on August 3, 2012 at 9:29 AM

Graft. Corruption. 8.3 Unemployment. Giving millions to The Muslim Brotherhood. Fast and Furious. Mao Ornaments. Michelle and the Food Police. You didn’t buid that. Typical White Woman. All this for a flag. Clinging bitterly to their guns and Bibles. The Muslim Call to Prayer is one of the prettiest sounds on Earth.

Do we have to wait until November? Can’t we just back up the moving van now???

kingsjester on August 3, 2012 at 9:29 AM

If I were a betting man, I would put all of my chips on Barack Obama at the center of this decision personally.

Just as I would put the same wager on his personal knowledge and approval of Fast & Furious.

This man is a criminal and should be prosecuted as such.

Obama has led this nation to the brink of a Banana Republic.

turfmann on August 3, 2012 at 9:30 AM

Anybody who didn’t think this was the case already is willfully blind.

txmomof6 on August 3, 2012 at 9:28 AM

No kidding. Wasn’t this already assumed? They all had been warned repeatedly how bad of an investment Solyndra was and they still p-ssed away over half a billion of taxpayer dollars on it. This is certainly more damning, but does anyone think anything will actually happen? Daley resigned already last year, so it’s not like his head can roll.

Doughboy on August 3, 2012 at 9:33 AM

hillsoftx on August 3, 2012 at 9:27 AM

LMFAO!

upinak on August 3, 2012 at 9:33 AM

EP in 5….4….3…

cmsinaz on August 3, 2012 at 9:35 AM

This would matter, if the media were interested in covering this story at all. Instead, we’ll just hear about all the wonderful jobs that were created last month and Mitt Romney’s refusal to release his tax returns and how “troubled” people supposedly are about that.

If we had anything close to a fair media, there’s no way Obama would be ahead even with samples skewing wildly Democrat.

changer1701 on August 3, 2012 at 9:35 AM

I would like to know, if this story really does have legs, if anyone will take the fall for Obama and be thrown under the bus, or will that person actually try to save themselves with whatever evidence they have that the order came directly from Obama.

esr1951 on August 3, 2012 at 9:36 AM

ED – read what you just wrote.

Do you really think Romney can digest that into a talking point?

Unless Mitt is willing to say “0 personally approved Solyndra and oversaw it the entire way”…this is only big news to wonks.

No one is going before a House Panel before November.

And if the Attorney General’s direct knowledge and coverup of a murdered agent can’t force more than three bad papers and a few days of coverage, you’re asking for too much.

They’re called low-information voters for a reason.

budfox on August 3, 2012 at 9:38 AM

Is this coming out to throw Daley under the bus, to protect Obama?

Mayday on August 3, 2012 at 9:38 AM

Felons

forest on August 3, 2012 at 9:39 AM

US taxpayers will recover $24 million of the $527 million from the Solyndra fiasco while George Kaiser, Obama butt-buddy extraordinaire, walks away with more money in the bank.
http://washingtonexaminer.com/taxpayers-to-recover-only-24-million-from-solyndra/article/2503861

This deal smacks not only of cronyism but outright corruption and abuse of the public trust.

onlineanalyst on August 3, 2012 at 9:39 AM

If we had anything close to a fair media, there’s no way Obama would be ahead even with samples skewing wildly Democrat.

changer1701 on August 3, 2012 at 9:35 AM

If we had a fair media, Obama would no longer be President. Seriously, name me any other President who would’ve survived Fast & Furious. Even Clinton wouldn’t have been teflon enough for that. He got impeached over lying about a BJ. Hundreds of dead bodies would’ve done even him in.

Doughboy on August 3, 2012 at 9:39 AM

This is the first time Obama’s inner circle has been tied to the restructuring and its illegal subordination of those taxpayer loans.

When I drive over the posted speed limit it is technically illegal. I have to admit I do frequently exceed the posted speed limit and understand that if I get caught, there will be some reprecussions, but not too severe to change my approach to driving.

I am assuming the same is true for this adminstration when it comes to stuff like this.

Since the MSM and establishment Republicans WILL NOT deliver any penalties, the administration will continue as desired.

dirtseller on August 3, 2012 at 9:29 AM

This!

Sue Doenim on August 3, 2012 at 9:40 AM

Yawn it’s the Friday White House trash, er news dump. By next week Romney’s tax returns will be tied to Solyndra by dingy Harry.

bgibbs1000 on August 3, 2012 at 9:40 AM

The house needs to close the purse until an audit is published. Following the 2010 elections in the early sping of 2011 we had GOP house members saying to not increase the debt ceiling would force prioritization of spending. Where is that talk now?

Stop spending!

DanMan on August 3, 2012 at 9:41 AM

Largest perfect crime in history.

docflash on August 3, 2012 at 9:42 AM

We don’t have a fair media but we can put this in campaign ads and get the word out.

magicbeans on August 3, 2012 at 9:47 AM

If we had anything close to a fair media, there’s no way Obama would be ahead even with samples skewing wildly Democrat.

changer1701 on August 3, 2012 at 9:35 AM

Yep, you could have closed down commenting after this one. It does get tiring pointing out the medias constant and consistant bias and hypocrisy. And for all the trolls that are going to make a big deal out of ABC running this, I’ll just ask. How “old” is this story?

hawkdriver on August 3, 2012 at 9:48 AM

It’s hard to imagine that Daley would have gone out on that limb without getting approval from the woman to whom he directly reported — Barack Obama Valerie Jarrett.

Flora Duh on August 3, 2012 at 9:49 AM

Man, I wish I could break any law I wanted and not be held accountable. I wouldn’t even get greedy and break lots of laws. I just want to rob a bank for a few million dollars, and then go back to being law-abiding.

The Rogue Tomato on August 3, 2012 at 9:50 AM

This administration has 20 scandals worse than Watergate.

bob77 on August 3, 2012 at 9:50 AM

Chicago values in action.

pilamaye on August 3, 2012 at 9:53 AM

But wait… Baracktopia is the land where all your Progressive dreams can come true.

We don’t believe because it’s true. It’s true because we believe it.

NickDeringer on August 3, 2012 at 9:53 AM

After reading this, I had a grin on my face from ear to ear. Who would of thought. I’m sure Obama will wiggle out of this and or blame someone else.

fistbump on August 3, 2012 at 9:54 AM

An e-mail from Kelly Colyar in August 2011 reminded recipients that she had predicted that very scenario — and that White House chief of staff had been briefed on her warning in February, before the restructuring:

We need to get this person into the witness protection program ASAP!

Night Owl on August 3, 2012 at 9:54 AM

If I were a betting man, I would put all of my chips on Barack Obama at the center of this decision personally.

Just as I would put the same wager on his personal knowledge and approval of Fast & Furious.

This man is a criminal and should be prosecuted as such.

AGREED! Daley is not that dumb. He was at the heart of Bush Gore 2000 and trying to steal an election, however, if he personally had been warned I don’t believe he would have gone ahead with an illegal bailout with taxpayer funds of an Obama bundler!
Unless that is the payback to Obama for screwing up the Olympic bid for Chitown.

In the political, gangster circles that had to have left a mark, one that Obama will someday pay for.

This directive came right from the pure ideologue, the college brain washed, America hating, theorist, Barrack Hussein Obama, the guy who is not as smart as they want us to believe, but just a useful tool that at times gets out of hand.

ConcealedKerry on August 3, 2012 at 9:54 AM

Is this really crony capitalism? Since it was a terrible idea pushing a government initiative that never had even the remotest chance to succeed, it’s really crony socialism. Or just socialism.

Daly’s already been bought off with a “friends of Obama” job. You know he won’t talk.

ROCnPhilly on August 3, 2012 at 9:56 AM

I guess someone wants Palin as VP touting her Crony Capitalism line.

/ trying to help the page hits

faraway on August 3, 2012 at 9:56 AM

You guys are missing a very important aspect to this… PBHO didn’t have cabinet meetings, so he just couldn’t have known about it.

LtGenRob on August 3, 2012 at 9:56 AM

Osquanderer wants to filch more tax money from the so-called “rich” so he can fritter it away on more Solyndras, and then he shrugs and asks, “Waste? Those were solid gubmint investments.” Never mind the campaign donations he gets from the beneficiaries of those illegal immoral investments.

stukinIL4now on August 3, 2012 at 9:57 AM

Obama will just go on the View and claim it was still “a good bet”.

plutorocks on August 3, 2012 at 9:57 AM

O/T: WLS radio reported today that there is a rumor that Jesse is thinking of stepping down!

herm2416 on August 3, 2012 at 9:58 AM

If we had anything close to a fair media, there’s no way Obama would be ahead even with samples skewing wildly Democrat.

changer1701 on August 3, 2012 at 9:35 AM

As proof, the ABC story conveniently omits the fact that the DOE illegally subordinated the loan.

antipc on August 3, 2012 at 9:58 AM

The most shocking news is not the email discovery and link to Daley, but the fact that ABC has actually discovered a testicle to report it.

hillsoftx on August 3, 2012 at 9:27 AM

Agreed!

Most transparent administration evah!

KMC1 on August 3, 2012 at 9:59 AM

As Solyndra began sinking for good last August, Colyar sent an email summarizing the events leading to a near total taxpayers loss of the $535 loan

Is this the way it appeared in the actual story or was it copied incorrectly. I wouldn’t get upset if it were only 535 bucks!!

Deano1952 on August 3, 2012 at 10:00 AM

Still trying to figure out why Daley left the WH…./s
Clink on August 3, 2012 at 9:36 AM

Graft. Corruption. 8.3 Unemployment. Giving millions to The Muslim Brotherhood. Fast and Furious. Mao Ornaments. Michelle and the Food Police. You didn’t buid that. Typical White Woman. All this for a flag. Clinging bitterly to their guns and Bibles. The Muslim Call to Prayer is one of the prettiest sounds on Earth.

If I were a betting man, I would put all of my chips on Barack Obama at the center of this decision personally.

Just as I would put the same wager on his personal knowledge and approval of Fast & Furious.

Yawn it’s the Friday White House trash,

Two words to connect the dots: Valerie Jarrett
She’s got the man buy the short and curlies….wait to see if she wasn’t at the center of restructuring Solyndra.Daily left because he couldn’t take it anymore.

gracie on August 3, 2012 at 10:04 AM

The most shocking news is not the email discovery and link to Daley, but the fact that ABC has actually discovered a testicle to report it.

hillsoftx on August 3, 2012 at 9:27 AM

Agreed.

Romney needs a quick and dirty timeline to tie this to Obama. Show the net results: bundler’s contribution, loan, modification, how much the taxpayers got boned, and how little the bundler got harmed. Label it “Obama’s Chicago Values.” Screw Chicago, I grew up there. Romney ain’t taking Illinois, and, in truth, Illinois largely consists of Cook County and the rest of the state, which hates Cook County.

BuckeyeSam on August 3, 2012 at 10:06 AM

Demonstrating once again that government-sponsored green energy = making a campfire out of greenbacks to keep warm.

jpferman on August 3, 2012 at 10:06 AM

New shiny object!

Ann Romney is visiting Wales for the weekend.

Quick, look over there! ————->

GrannyDee on August 3, 2012 at 10:06 AM

Looks like Solyndra really is good at renewable energy, to the Romney campaign anyway.

Dash on August 3, 2012 at 10:08 AM

Everything this administration does is from the perspective of political optics. If a decision doesn’t directly serve the re-election efforts of Our Dear Leader, it doesn’t happen. Period.

furytrader on August 3, 2012 at 10:10 AM

Two words to connect the dots: Valerie Jarrett

She’s got the man buy the short and curlies….wait to see if she wasn’t at the center of restructuring Solyndra.Daily left because he couldn’t take it anymore.

gracie on August 3, 2012 at 10:04 AM

I’m with you. And maybe it’s time for GOP SuperPacs to start highlighting this woman in ads. She’s fine when she’s in the shadows, but now we have the reports that she’s yanking Obama’s chain on the OBL kill, add this. I’ve seen Moaning Joe shows where she literally texts Mika B. DURING the show to correct matters. WRF? Rove’s group should be making her out to be a modern-day Rasputin, which is what she is. “Who the hell is running this country?” should be the slogan.

BuckeyeSam on August 3, 2012 at 10:11 AM

But, isn’t this okay if the government is doing this for “the greater good”……..of Obama bundlers???

RADIOONE on August 3, 2012 at 10:11 AM

It’s hard to imagine that Daley would have gone out on that limb without getting approval from the man woman to whom he directly reported — Barack Obama Valerie Jarrett.

Fixed. Oh. they probably mentioned it to Barky but he didn’t understand and just went along with what Valerie told him to do.

Trafalgar on August 3, 2012 at 10:12 AM

SO FKING CRIMINAL.

This is no longer a nation of laws. The decline is going to really suck.

tom daschle concerned on August 3, 2012 at 10:13 AM

If Daley was briefed on the details of that restructuring before it got put in place and it still went forward, one can infer that Daley didn’t raise any objections to it. It’s hard to imagine that Daley would have gone out on that limb without getting approval from the man to whom he directly reported — Barack Obama.

Wow

Wow

Wow.

ted c on August 3, 2012 at 10:18 AM

Since the MSM and establishment Republicans WILL NOT deliver any penalties, the administration will continue as desired.

dirtseller on August 3, 2012 at 9:29 AM

Right…illegally subordinating taxpayers in the Solyndra deal, illegal amnesty for illegal immigrants, illegally gutting welfare reform…and no one does a thing. Our historical president is certainly setting all sorts of historical standards now isn’t he…

lynncgb on August 3, 2012 at 10:18 AM

as ABC News uncovers new evidence that shows fears over a collapse reached all the way into the West Wing

This is the bombshell, not the fact the ‘Bammie knew and pushed it anyway. We already know that.

BobMbx on August 3, 2012 at 10:20 AM

Bombshell? Hardly. This will make about as much noise in the Obamamedia as a flea’s fart.

natasha333 on August 3, 2012 at 10:26 AM

What??? I’m flabbergasted!!!

/sarc off

Vntnrse on August 3, 2012 at 10:27 AM

Who cares? Somebody told Harry Reid that Mitt Romney didn’t pay taxes for ten years and gays are attacking Chick-Fil-A! What’s a President who paid off his political cronies compared to those issues???

Happy Nomad on August 3, 2012 at 9:28 AM

This.

People have already forgotten the illegal executive orders for amnesty & the welfare work requirement. I doubt half of them have even HEARD of Solyndra, and if they do, they probably blame Bush for it.

Politics of this country make me sad…

Violina23 on August 3, 2012 at 10:27 AM

they had good intentions…..

/

ted c on August 3, 2012 at 10:30 AM

What “very bad news”, our media will never touch it.
Interesting note on Rahm Emanuel, isn’t he the brilliant one? To be smart you need only be a leftist fool.
And then there’s Obama, he and his controllers love us so much they let us back up loans to their contributors, no greate love hath man.

arand on August 3, 2012 at 10:43 AM

…of course…Harry Reid will be shocked!

KOOLAID2 on August 3, 2012 at 10:46 AM

Non-Bombshell: this ABC “News” story was not done by Brian Ross.

Del Dolemonte on August 3, 2012 at 10:55 AM

Did Obama give the personal OK to put that much more at risk on an already-failing company?

Of course he did! Just Barry doubling-down once again with taxpayer money.

Besides, how was he going to hit up Kaiser for more campaign money if Kaiser took a bath in Solyndra?

GarandFan on August 3, 2012 at 10:56 AM

Sorry, Ed. Not a bombshell if the MSM whitewashes it.

:_(

RedNewEnglander on August 3, 2012 at 10:58 AM

Unless Mitt is willing to say “0 personally approved Solyndra and oversaw it the entire way”…this is only big news to wonks.

Well, if the links go all the way to Daley, this is at the very least a rational inference. So say it, and demand that Obama prove that he did in fact have nothing to do with it. That seems to be the way to go these days.

UnrepentantCurmudgeon on August 3, 2012 at 11:11 AM

Four-years ago, ABC would not have reported this. What we should look for now is the rest of the LSM to begin reporting on the collosal criminality of this administration. It may get interesting.

tomshup on August 3, 2012 at 11:13 AM

This is so wrong on so many levels!! Government should NOT be in the business to support businesses of their choosing. Where is the oversight? This so insane and yet Congress just lets it go on and on and then tells the working taxpayers they need to give more. Throw these bums out or better yet send them to jail.

karlinsync on August 3, 2012 at 11:16 AM

The decision to move forward cost taxpayers an addition $380 million.

Ed: addition or additional?

Mr_Magoo on August 3, 2012 at 11:20 AM

it’s all because they hate God and don’t want any Person telling them what to do.

As a result, their purpose is to destroy the U.S., to “prove” that the “Christian nation” is a big failure. Then they position themselves as the savior.

Yet, they are what they (say) they hate.

williampeck1958 on August 3, 2012 at 11:40 AM

Where is the crack team from 60 Minutes on this story? We likely have a bunch of felons in the W.H. and no-one in the MSM is taking this seriously. Woodward and Bernstein are still making their rounds talking about 40-years after Watergate, and yet, right here and right now we have corruption and national security leaks at the highest levels of our executive branch and not one major news organization is devoting the time and resources to adequately investigate and report to the American people the truth.

HoosierStateofMind on August 3, 2012 at 12:49 PM

Where is the crack team from 60 Minutes on this story?

HoosierStateofMind

- see my comment just above.

williampeck1958 on August 3, 2012 at 12:52 PM

What has to be understood it this.

There is no current Pres./Commander-in-Chief.

There is only the person who ran and got elected to that position.

B. Obama has not and can not fill the position.

So along we go no one in charge, just lurching aimlessly around with random unelected hacks hired by B. Obama messing it all up.

First you must accept you have a problem.

APACHEWHOKNOWS on August 3, 2012 at 1:15 PM

Taxpayers want people to be jailed over this and the next administration will get this going soon.

Amazingoly on August 3, 2012 at 1:53 PM

Emanuel’s advice ended up backfiring on Obama and leaving him open to charges of crony capitalism.

Nahh, I’d charge him with venture socialism.

sparkle motion on August 3, 2012 at 2:14 PM

Oh, my.

posted at 9:21 am on August 3, 2012 by Ed Morrissey

Indeed

workingclass artist on August 3, 2012 at 3:10 PM

the commonality here is Clinton.
Daley-Clinton, Holder-Clinton, etc.
never forget what she is capable of.

dmacleo on August 3, 2012 at 4:57 PM