GOP's Solyndra probe threatens to ensnare Energy Secretary Chu
[B][U]GOP's Solyndra probe threatens to ensnare Energy Secretary Chu[/U][/B]
By Andrew Restuccia - 09/29/11 05:00 AM ET
The controversy over a $535 million loan guarantee to the now-bankrupt California solar firm Solyndra is threatening to dim the star of Energy Secretary Steven Chu, a physicist and Nobel Prize winner who has rarely been thrust into the political spotlight.
Republican lawmakers have set their sites on Chu, who for three years has managed to avoid being dragged into a litany of political battles waged by Republicans and the White House on energy and environmental issues.
The GOP has for weeks lobbed a slew of allegations at the administration, arguing officials rushed a final decision on the loan guarantee and missed a series of red flags that hinted at the company’s financial troubles.
Solyndra declared bankruptcy two years after receiving the Energy Department loan, resulting in layoffs for 1,100 workers.
Now, Republicans on the House Energy and Commerce Committee are increasingly turning their attention to the role that Chu played in overseeing the loan guarantee program.
The ongoing fight over Solyndra could put Chu, who is not known as a political brawler, in uncharted waters.
Republicans are pointing to a recent Los Angeles Times story that says Chu disagreed with Treasury Secretary Tim Geithner and others when they raised concerns about the loan guarantee program during a meeting last October.
The Obama Administration is giving $737 million to a Tonopah Solar, a subsidiary of California-based SolarReserve. PCG is an investment partner with SolarReserve. Nancy Pelosi’s brother-in-law happens to be the number two man at PCG.
Bit, you, like Obama & his admin., have gone off the rails...grasping at anything you can to make your arguments that have been proven wrong over & over & over again. It's over- he's a disaster, & the voters know it. You know it. Let it go....it's..............over
Board Moderator Jets Insider VIP Charter JI Member
State Location Here
[QUOTE=bitonti;4165265]whats cheaper having 10 gallon gas and less drivers or having 1 gallon gas and going to war all over the world for the right to buy it, [B]or allowing us to tap and use our own VAST natural resources[/B]?[/QUOTE]