Our masterminds at work

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The Whitehouse has been releasing documents every Friday -- weekends are notoriously slow for news so this gives them less exposure when the content is not as flattering. Really good news is released at the beginning of the week to benefit from the media run-up. From The Hill:
Documents: White House was all-hands-on-deck as Solyndra collapse neared
Several key White House offices were involved with the Obama administration�s messaging plans and other preparations as the collapse of the taxpayer-backed solar company Solyndra was imminent, newly released documents show.

The latest White House documents delivered to House Republicans on Friday again highlight the extent to which senior administration officials braced for the fallout as Solyndra � a company President Obama had personally visited � was about to go under.

A White House memo that noted the danger of �imminent bankruptcy� at the end of August 2011 says, �OMB, DPC and NEC have been working with press and OLA to be prepared for this news to break.�

Acronym translation: OMB is the Office of Management and Budget, DPC is the Domestic Policy Council, NEC is the National Economic Council and OLA is the Office of Legal Affairs.

The document, an update on Solyndra�s $535 million Energy Department (DOE) loan guarantee, notes that $527 million had been disbursed and that DOE believed no more funds should be alloted.

The White House document notes that the Treasury Department, OMB and other White House offices agreed that no more money should be provided because there was a �near-zero chance" that the company could survive.
Talk about clueless. If this were the real world, these morons would be out of work that very afternoon.

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This page contains a single entry by DaveH published on March 25, 2012 12:12 PM.

The higher Education bubble was the previous entry in this blog.

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