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NBC and MSNBC Completely Ignore Solyndra Bankruptcy

By Noel Sheppard | September 03, 2011 | 15:21

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As NewsBusters reported Wednesday, a solar company that was given over a half a billion dollars in stimulus funds declared bankruptcy this week.

Although most news outlets did at least give this story some coverage, two organizations owned by the same company with intricate ties to the Obama administration completely ignored it.

Yes, that would be NBC News and MSNBC who according to LexisNexis didn't mention Solyndra once after the Wednesday announcement.

Not once.

I'm sure the fact that employees of owner Comcast have given more money to Obama's reelection committee than workers at any other company in America is just a coincidence.

For its part, CNN did report Solyndra's bankruptcy, but only twice. In one segment, the 9AM "CNN Newsroom" Thursday, the stimulus loan wasn't even mentioned:

T.J. HOLMES, ANCHOR: In California, solar company visited by President Obama last year has now shut down. Solyndra announcing yesterday the layoff of 1,100 employees at its Fremont manufacturing plant. The company will file for bankruptcy protection.

Yep. Just three sentences without any reference to the half billion dollars the company was given by the President's stimulus plan.

Earlier on Thursday - at 6AM when there aren't many people up yet - Christine Romans did a little fuller report on "American Morning":

CHRISTINE ROMANS, ANCHOR: So much for the president's plan to create new green jobs. Remember this scene last year, President Obama visiting this solar cell manufacturer in California, touting the firm's products as the way of the future and announcing a $535 million federal loan for this company. Solyndra, unable to compete with Chinese rivals, has suspended operations at the plant, laid off 1,100 workers, and has filed for bankruptcy. It is the third solar company to go belly-up in this country in the last month. Republicans are now looking into the loan the firm received from the government.

In all, the supposedly most trusted name in news devoted less than a minute to this story - not one second during prime time.

This seems especially absurd given the amount of political contributions given to Obama by those close to Solyndra. As the Daily Caller reported Thursday:

Tulsa billionaire George Kaiser, a key Obama backer who raised between $50,000 and $100,000 for the president’s election campaign, is one of Solyndra’s primary investors. Kaiser himself donated $53,500 to Obama’s 2008 election campaign, split between the DSCC and Obama For America. Kaiser also made several visits to the White House and appeared at some White House events next to Obama officials.

Campaign finance records show Kaiser and Solyndra executives and board members donated $87,050 total to Obama’s election campaign.

And, as ABCNews.com reported Friday, Obama has even more ties to this company:

House investigators said they have uncovered evidence that White House officials became personally involved in an Energy Department review of a hot-button $535 million loan guarantee to the now-failed California solar company Solyndra.

The allegation surfaced in a letter House Energy Committee Chairman Fred Upton (R-Mich.) sent to the White House Thursday night, saying he planned to accelerate efforts to understand an investment deal that may have left taxpayers out half a billion dollars.

"We have learned from our investigation that White House officials monitored Solyndra's application and communicated with [Department of Energy] and Office of Management and Budget officials during the course of their review," the letter says.

Thursday's letter, which calls on the White House to turn over correspondence between administration officials, Solyndra and its investors, presents the most pointed suggestion that the White House had direct involvement in the financing.

So, a now bankrupt company whose officials gave campaign funds to Obama in 2008 received a half a billion in stimulus moneys pushed through with assistance by the White House, and CNN, MSNBC, and NBC News don't consider it newsworthy.

To put a finer point on the absurdity, imagine if George W. Bush had taken money from officials at an oil company start-up only to push through a federal loan to the organization before it eventually declared bankruptcy.

Can you imagine the coverage this would have gotten as Bush sought reelection?

But up to this point, CNN, MSNBC, and NBC News have yet to fully report Obama's Solyndra scandal.

Just how do these entities get to call themselves news outlets?

Readers are advised MSNBC does not transcribe all of its programs making it possible the network did report this matter outside of prime time.

About the Author

Noel Sheppard is the Associate Editor of NewsBusters. Click here to follow Noel Sheppard on Twitter.
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Comments

Well, there wasn't really

Submitted by killa37 on Sat, 09/03/2011 - 3:43pm.

Well, there wasn't really anything to report in their eyes...............the money changed hands, the scammers got what they asked for, the 'workers' came and went, and the company went down the toilet. What's to report???

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You bet they won't report

Submitted by rbosque on Sat, 09/03/2011 - 4:22pm.

You bet they won't report this, it'll make their messiah look stupid and since these "journalists" decided to pick sides, they don't want to look stupid either.

Besides, the Obama administration was intimately involved in making sure they got the "loan". They don't want a criminal investigation either.

"It may be true that you can't fool all the people all the time, but you can fool enough of them to rule a large country"......Will Durant
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This was no surprise

Submitted by jon_torlin on Sat, 09/03/2011 - 4:59pm.

I wasn't surprised when I heard about this company going down the tubes, we've seen stuff like this for years and years already, these loans should not have happened.  It's the same thing of insanity, doing the same thing over and over and expecting different results.  In this case, this environmentalist CRAP.  There are so few things that have at best a marginal success, but this push to pursue "green energy" is DOA every time something "new" comes along.  These places closing down is proof of that.  Dismally low sales of electric cars(Volt, smart cars, whatever) is also proof of that.  Not to mention the lack of common sense on the part of people when it comes to power generation.

By and large, these companies that appear to start up with the push for "green energy" are just scammers and fakers, because it shouldn't require THAT much money for something like that.  The ones that are still in existence such as GE and their windmill farms are only succeeding because of government control and eventually the windmills break down or do not provide enough energy and create residual problems in the area(killing birds, humming or mechanical noises) or get damaged by wind speeds going TOO fast or ice buildup or whatever.  Sooner or later they will have to stop with these damn windmill farms because they are causing environmental damage(once in place, not easy to remove).

Solar energy is just a pipe dream on a large scale.  It works on a small scale, but even then it has its share of problems.

The technology is there to take existing power generation and make them cleaner by trapping the emissions rather than trying to find something to make the emissions cleaner.  Vehicles have re-circulation technology for their exhaust for the last 15-20 years and actually improved gas mileage on some vehicles, even in full-sized pickups, which is why the mileage of a truck has gone up.  The same thing could be done with a coal-fired power plant.  And there would not be any need to put 15 different additives to gasoline either.

But instead, the libs and the enviro-wackos continue to lie to the public, play on their heart strings, and still manage to convince people that those things are bad and should be discontinued.  And companies like Solyndra go up taking money for their scam while leaders are elected to help propel that.

Way to go, America.  I know it's probably not possible, but I hope you learned a lesson.

-Jon

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Green energy and college sophomores

Submitted by Plumb Bob on Sat, 09/03/2011 - 6:24pm.

The President's "Green Energy" initiatives are the proof that Progressives generally are basically just college sophomores in adult bodies. It's the sort of "solution" that attracts kids because it's glitzy and lets them feel intellectually superior. However, no self-respecting adult with genuine knowledge of the energy industry would waste even a dime on "Green Energy," because it's technology that cannot and will not attract dollars on its own.

The ideas are, frankly, wretched. Solar, wind, and biomass all require huge amounts of the most finite resource on the planet -- land. They are all inherently expensive because the energy source is diffuse -- you get only so much energy per acre. They are intermittent, so any plant using solar or wind requires another, equal-sized conventional generating plant to pick up the slack when the wind stops or the sun doesn't shine -- and that plant has to be already warmed up and ready at a second's notice, so using "green" does not reduce any of the fossil fuel pollution. It's a loss any way you look at it.

But Obama is not capable of knowing this. Touting the high-tech solution tickles his vanity, so he cannot hear that it won't work -- just like a rebellious teenager.

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Nah! That's not REALLY news........

Submitted by Herbster on Sat, 09/03/2011 - 6:40pm.

Half a billion in taxpayer funds? A little money laundering? "Can't compete woth China? Bankruptcy? 1,100 laid off? That's not important news. Ignore it. (Per WH instructions?)

NBC and MSNBC reported on some VERY IMPORTANT news just a few weeks ago. ..........A news flash from the U.K. A drunken druggie slut celebutard was found dead. "Fans" turned out leaving flowers and bottles of booze at her home. This was reported, 24/7 for a week. The grieving father was "Interviewed" so he could blather on what a wonderful person his daughter was - a good role model, etc. Now, THAT'S news!

The good news on the Solyndra bankruptcy is that 1,100 more people will be eligible for food stamps - and according to the idiot that is Secy. of Agriculture - food stamp usage creates jobs.

I'm sure obambi's hastily written speech/plan via the teleprompter will stress the importance of "Investing" in companies such as Solyndra. I believe that "Solyndra" in Urdu translates as, "Scam."

When will the state run media, the Goebbels-ized media, report the truth. There IS NO plan for economic growth. obambi and his merry men want to ruin the economy and then rebuild it on the communist model.

I hope everyone will be recognizing the upcoming 9/11 anniversary as, per obama, "A day of service." For shame - and for shame on all those who voted for this puppet.

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Herbster, Right on, I

Submitted by LAM SON 719 on Sun, 09/04/2011 - 2:06am.

Herbster,
Right on, I believe obama in Urdu translates roughly into chronic mastrubator.

Non, je ne regrette rien. "You aren't angry because I might be a racist, you're angry because you know I'm right".
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That is why NBC and MSNBC are network jokes and why...

Submitted by jawebster1 on Sun, 09/04/2011 - 3:09am.

so few people watch their shows.

Jim Webster
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