Team Obama Pressured Solyndra to Hide Layoffs Until After Elections

Fox Nation

The Obama administration urged officers of the struggling solar company Solyndra  to postpone announcing planned layoffs until after the November 2010 midterm  elections, newly released e-mails show.

Solyndra, the now-shuttered  California company, had been a poster child of President Obama’s initiative to  invest in clean energies and received the administration’s first energy loan of  $535 million. But a year ago, in October 2010, the solar panel manufacturer was  quickly running out of money and had warned the Energy Department it would need  emergency cash to avoid having to shut down.

The new e-mails about the  layoff announcement were released Tuesday morning as part of a House Energy and  Commerce committee memo, provided in advance of Energy Secretary Steven Chu’s  scheduled testimony before the investigative committee Thursday.

Read more: http://nation.foxnews.com/solyndra/2011/11/15/team-obama-pressured-solyndra-hide-layoffs-until-after-elections#ixzz1dq9cPFdl