Quote:
Originally Posted by dellinger63
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this is the part i found interesting:
The company applied for a loan guarantee in December 2006, filing under a program created by George W. Bush's administration. It received a conditional commitment for $535 million in March 2009, shortly before Spinner arrived.
In the months that followed, department staffers negotiated the final terms and provided the Office of Management and Budget with data as it assessed the risks of the deal.
In August 2009,
while that risk assessment was underway, White House officials began expressing interest in having Vice President Joe Biden announce the deal during a trip to California the following month, according to emails released to House investigators this week. That spurred exchanges between officials
at the White House, the Energy Department and the OMB about
whether they could speed up the final approval.Spinner was the recipient of at least one of the emails, administration officials confirmed Friday — an Aug. 25, 2009, message from Biden's office saying that "we would want the VP [to] satellite into the event on 9/4. It's the same day the unemployment numbers come out,
and we'd want to use this as an example where the Recovery Act is helping create new high tech jobs."