WASHINGTON – Republican National Committee (RNC) Chairman Reince Priebus released the following statement calling on the Obama Administration to come clean on its dealings with the bankrupt green firm Solyndra which has left taxpayers on the hook for over $500 million:
“As the FBI and Energy Department expand their investigation into solar energy company Solyndra, it is time for the self-proclaimed most transparent White House in history to release all documents related to their involvement with the failed government-backed company.
“If this administration is serious about being the most transparent in history, it will make available to the American taxpayer the details of Solyndra’s failure. With the President traveling the country touting his Stimulus II plan, it is important to understand the lessons from his first Stimulus. A year ago, he made Solyndra the supposed poster-child for stimulus success. After laying off 1,100 workers, wasting over $500 million in loan guarantees and becoming the subject of an FBI investigation, Solyndra is now the prime example of stimulus failure.
“Solyndra’s downfall puts a spotlight on the kind of taxpayer-funded cronyism this White House said it would eliminate. After bundling tens of thousands of dollars for President Obama and his campaign, company officials were granted at least 20 visits to the White House and had Energy Department officials sitting in on company board meetings. Before taxpayers are forced to spend another dime of stimulus money, the White House must explain why they were so reckless the first time around.”
For background on the developing Solyndra scandal please see the following briefing from RNC Research: http://bit.ly/mZFiIi
Government Accountability Green Energy Failures