Emails suggest White House involvement in loan to bankrupt Abound Solar

Michael Bastasch
The Daily Caller

Just one day after President Obama went on television saying that politics had nothing to do with the now bankrupt Abound Solar receiving a taxpayer-backed loan guarantee from the Energy Department, emails have surfaced that contradict these claims and suggest White House involvement in the company receiving the loan.

“And these are decisions, by the way, that are made by the Department of Energy, they have nothing to do with politics,” President Obama told KUSA’s Kyle Clark.

However, emails obtained by COMPLETECOLORADO.COM suggest that the White House was involved in the Energy Department awarding Abound Solar a $400 million loan guarantee, contradicting the President’s claim.

The emails also suggest that the loan guarantee was political payback to Democratic benefactor Pat Stryker….

The article continues at The Daily Caller.

Related: Obama tells Colo. audience he wants more wind turbines ‘manufactured here in China’

At a campaign event this afternoon in Denver, President Obama touted the importance of green energy industries in the United States. And when he got to the bit about wind turbines, well, his teleprompterlessness reared its ugly head…

Update: Obama Chuckles When Asked About Wasting Tax Dollars on Green Energy

Barack Obama denied politics had anything to do with his administration’s green-energy loans to companies like Solyndra and Abound, both of which have gone bankrupt. The President even chuckled when asked if those loans were a waste of taxpayer dollars… [emphasis CAJ]

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