That idea was floated briefly by Representative Henry Waxman (D. Ca.) during yesterday’s hearing before the House Energy and Commerce Committee. Mr. Waxman is a member of said committee. And, what follows if a piece of his “questioning” of Jonathan Silver, head of the Department of Energy’s loan guarantee program.
“My understanding is that Solyndra applied for this loan in 2006 when Bush was President,” said Rep. Henry Waxman (D-CA).
“That’s right,” said Jonathan Silver of the Energy Department, who spent a long day at the witness table, arguing that the groundwork for the Solyndra loan was vetted before President Obama took office.
“All this took place during the Bush Administration,” said Waxman.
However, Mr. Waxman neglects to mention that in January, 2009 the Bush administration declined to grant the loan to Solyndra, and sent it back for further review.
What Mr. Waxman also neglects to mention is that the loan guarantee was not granted by the Department of Energy until September, 2009, and was only done so then because an announcement of the loan guarantee had been scheduled by Vice President Biden and Energy Secretary Chu for September 4, 2009. According to an e-mail from the Office of Management and Budget to the Vice President’s domestic advisor,
We have ended up with a situation of having to do rushed approvals on a couple of occasions (and we are worried about Solyndra at the end of the week). We would prefer to have sufficient time to do our due dilligence reviews and have the approval set the date for the announcement rather than the other way around.
I can only assume that in Mr. Waxman’s mind, blaming anything on President Bush is far more preferable than actually finding out what happened.