Ex-Solyndra Employee: ‘Everyone Knew The Plant Wouldn’t Work’

Half a billion dollars right down the crapper:

Mark Levin Talks About The Titanic Of Crony Capitalist Obama Hitting The Green Jobs Iceberg Solyndra

And via Instapundit:

SOLARGATE UPDATE: Worse and worse: New e-mails show White House rushed OMB to approve Solyndra loan. “Why was it so desperately important that Joe Biden announce the Solyndra loan at the groundbreaking ceremony for the company’s new plant that federal analysts had to be rushed through their review of a $500 million deal?”

Along those lines: Explosive Report: Emails Reveal Obama White House Monitored Huge Solyndra Loan

More over at drudge:

• BURNED: WH pressed on $500M loan to solar company now under investigation...
• Admin: 'No reason' to believe we were misled by SOLYNDRA...
• Dem Rep: 'I'm still waiting to see something that makes me concerned'...
• Emails...
• 'Stain on stimulus'... Ex-CEO of 'green' group pleads guilty to skimming fed funds...

UPDATE: Bob's taking the news pretty much like I did:

UPDATE #2: Via Instapundit:

SOLARGATE UPDATE: Obama Officials Sat In On Solyndra Meetings. “Officials from the Department of Energy have for months been sitting in on board meetings as ‘observers’ at Solyndra, getting an up-close view as the solar energy company careened towards bankruptcy after spending more than $500 million in federal loan money.” Probably felt just like being back at the federal government, which is careening toward bankruptcy after spending more than $15 trillion in loan money . . .

Related: “Political connections can come back to bite you, when the politicians you were connected to need to gnaw through that connection and run like hell.”

UPDATE: Reader Tracy Cobbs emails:

Once again, real life mirrors Atlas Shrugged. Here’s a paragraph from Part 2, Chapter V, “Account Overdrawn”, describing a meeting of the Taggart Transcontinental Board of Directors:

“A man from Washington sat at the table among them. Nobody knew his exact job or title, but it was not necessary: they knew that he was the man from Washington.

His name was Mr. Weatherby, he had graying temples, a long, narrow face and a mouth that looked as if he had to stretch his facial muscles in order to keep it closed; this gave a suggestion of primness to a face that displayed nothing else. The Directors did not know whether he was present as the guest, the adviser or the ruler of the Board; they preferred not to find out.”

Message to the Obama Administration: Atlas Shrugged was meant as a cautionary tale, not a freaking how-to manual.