Tuesday, September 20, 2011

Issa to investigate Obama actions on Solyndra, LightSquared

You will read more about Chairman Issa on this blog later today.

From The Hill:

Rep. Darrell Issa (R-Calif.) said Tuesday that his committee plans to investigate government loan programs to private corporations in light of allegations of improper dealings between the White House and failed energy company Solyndra and wireless startup LightSquared.

"I want to see when the president and his cronies are picking winners and losers… it wasn't because there were large contributions given to them," the chairman of the Oversight and Government Reform Committee said Tuesday morning on CSPAN.
More...

Republicans have also charged that the White House pressured an Air Force general to revise testimony before a closed congressional hearing to aid LightSquared, a wireless startup company. E-mails between the company and the White House make mention of the fact that the company's CEO would be attending Democratic fundraisers in Washington, and administration officials met with executives from the company on the same day CEO Sanjiv Ahuja wrote a $30,400 check to the Democratic National Committee.

The company is facing a tough regulatory road after initial tests showed LightSquared's technology has been found to interfere with military and aviation GPS. But both the company and White House have denied any influence peddling.
Related posts:

Obama solar power stimulus "success" eclipsed by regulations--will file for bankruptcy

Issa releases House Oversight Committee mission statement


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