Crony Capitalism: Obama Fundraiser Pushed Administration for Solyndra Deal – And Won

Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for Obama, pushed the Department of Energy to grant the $500 million loan to now bankrupt Solyndra.

Why is Obama and the Democrat party bowing down to their fundraisers at every opportunity?

Could it be because they know the Democrats are going to be in a world of hurt afte the 2012 elections, and want to keep the corrupt money flowing to their party? We think so.

An elite Obama fundraiser hired to help oversee the administration’s energy loan program pushed and prodded career Department of Energy officials to move faster in approving a loan guarantee for Solyndra, even as his wife’s law firm was representing the California solar company, according to internal emails made public late Friday.

“How hard is this? What is he waiting for?” wrote Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for the candidate before being appointed to a key job helping oversee the energy loan guarantee program. “I have OVP [the Office of the Vice President] and WH [the White House] breathing down my neck on this.”

The $535 million loan to Solyndra was ultimately approved in 2009 and for months was touted by President Obama as a model of his efforts to create new jobs in the emerging field of clean energy. But in late August, the company abruptly shut its doors and days later declared it was filing for bankruptcy. Now the loan is the subject of multiple investigations, by Congress and by the Department of Justice.

In one of the new emails shared with ABC News and other news outlets Friday, the White House appears to be bracing for the political fallout — one high ranking energy official in the White House warns shortly before Solyndra’s bankruptcy, on Aug. 26, that what’s coming is a “*#~@ show” and “a mess.”

In the lengthy email discussions that occurred in the days before the Solyndra loan closed in September 2009, Spinner emerges as a key figure in advocating for getting the deal done, apparently in an effort to score the loan as a political victory for President Obama. Many of the emails surround his efforts to coordinate plans for either President Obama or Vice President Biden to announce it as the administration’s first loan approval — one that he repeatedly notes will create clean energy jobs.

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