Thursday, September 15, 2011

Two Other Solyndras?

I haven't seen anyone else notice this little nugget in one of the White House E-mails that has come out of the Solyndra scandal:

“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),” one official wrote. That Aug. 31, 2009, message, written by a senior OMB staffer and sent to Terrell P. McSweeny, Biden’s domestic policy adviser, concluded, “We would prefer to have sufficient time to do our due diligence reviews.”

So what were the other two "rushed approvals" that were mentioned? Are there two (or more) shoes still to drop? After all, Solyndra was only a small fraction of these DOE loan guarantees.

As far as I'm concerned, the scandal SHOULD be that the federal government is "investing" taxpayer money in these schemes. To quote James Madison,“I cannot undertake to lay my finger on that article of the Constitution which granted a right to Congress of expending, on objects of benevolence, the money of their constituents.” I don't see any articles that give a right to Congress (or the White House) to "invest" the money of their constituents either.