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The sign "The Buck Stops Here" was on President Truman's desk in his White House office beginning October 2, 1945.

President Truman referred to the desk sign in an address at the National War College on December 19, 1952. President Truman said, "You know, it's easy for the Monday morning quarterback to say what the coach should have done, after the game is over. But when the decision is up before you ― and on my desk I have a motto which says The Buck Stops Here' ― the decision has to be made."

President Barack Obama toured Solyndra LLC with Executive Vice President Ben Bierman in May 2010.

In an interview with ABC News, Mr. Obama defended the government’s $500 Million investment saying “hindsight is 20/20” and the fact the program involved risk was generally well known.

Press Secretary Jay Carney in a White House Press Briefing said it's no surprise Chu would have made the final call on the loan guarantee.

Carney said, "Obviously, ultimately the head of that department is responsible for it. Chu is the head of that department."

White House Press Secretary Jay Carney misspoke stating, "Ultimately the head of that department is responsible."

It is not the Secretary of the U.S. Department of Energy that is ultimately responsible but the President of the United States is the ultimate authority of all Federal Departments granted by the United States Constitution. This includes the U.S. Department of Energy. Secretary Chu was appointed by President Obama and Chu serves at the pleasure of the President.

Obama should fire Carney for this irresponsible statement speaking erroneously of the authority of the President and if Obama does not recognize this breach, Obama should not be re-elected.

The Solyndra fiasco; therefore, is laid at the feet of Barack Hussein Obama. The buck stops with Obama but then maybe, the Solyndra fiasco reinforces Obama is in way over his head.

The Selling of the Obama White House to Private Investors

SANTA FE, NM (By Jon Garrido, The Jon Garrido Network) October 12, 2011 ― The Republican led House wants answers on how Chu and the rest of the administration missed — or just ignored — red flags surrounding Solyndra when it won the loan guarantee and then restructured the terms of the loan two years later so taxpayers were on the hook if the company defaulted.

Rep. Cliff Stearns (R-Fla.), the subcommittee chairman at the center of the House investigation, said Friday,"Chu is on very thin ice. If Chu knowingly broke the law, this is a very serious problem for Secretary Chu. I'd like him to testify what he knew and when he knew it."

White House Press Secretary Jay Carney said it's no surprise Chu would have made the final call on the loan guarantee.

"Chu is the head of that department," Carney said. "The department, which we've made clear, where career professionals have administered the program, reviewed the loan applications and made the recommendations. Obviously, ultimately the head of that department is responsible for it." Carney added. "But let's be clear there were numerous people involved who were career professionals and worked on those kinds of issues every day."

In January 1953, President Truman in his farewell address to the American people, referred to "The Buck Stops Here" concept very specifically in asserting, "The President ― whoever he is ― has to decide. He can't pass the buck to anybody. No one else can do the deciding for him. That's his job."

White House Press Secretary Jay Carney does not understand the U.S. Constitution's Chain of Command and misspoke stating, "Ultimately the head of that department is responsible."

This irresponsible breach of the authority of the President of the United States warrants removal of Carney in speaking erroneously for the President and if Obama does not recognize this breach, Obama should not be re-elected in 2012.

The Solyndra fiasco; therefore, is laid at the feet of Barack Hussein Obama.

This week, Chu spokesman Damien LaVera said the secretary took responsibility for giving the green light to the Solyndra loan when it got announced in March 2009. Chu also supported the change in the loan terms as part of a new package designed to give the company at least a fighting chance of survival.

Despite the eagerness of Mr. Spinner and other Energy Department officials to see the loan approved, other administration officials continued to raise flags about the company’s viability and the completeness of the loan application package.

A Treasury Department official objected to the decision by the Energy Department that allowed company investors to get first in line among creditors, instead of the federal government, for part of their investment.

DOE restructured loans to protect private investors in lieu of Federal taxpayers was above the law

“Our legal counsel believes the statute and the D.O.E. regulations both require the guaranteed loan should not be subordinate to any loan or other debt obligation,” said an Aug. 17, 2011, e-mail from a Treasury official to Jeffrey D. Zients, a top official at the White House budget office.

An administration official said Friday the Energy Department disagreed and believed it did have legal authority to give priority to private investors, to secure additional financing.

Energy Department officials shrugged off calls to consult with the Justice Department before changing the terms of Solyndra's loan guarantee in a way that put taxpayers on the hook first when the company later ran out of money, according to newly released Obama administration emails.

The advice came from Gary Burner, the chief financial officer at the Treasury Department's Federal Financing Bank, who urged DOE staffers on Feb. 10 to contact DOJ as they considered restructuring the California solar company's $535 million loan guarantee.

"Unless DOE has other authorities, these adjustments may require approval of the Department of Justice," Burner wrote to Susan Richardson, chief counsel in DOE’s Loan Programs Office, and Frances Nwachuku, director of portfolio management in the same office.

DOE officials pushed back a few hours later.

“I believe there is a gross misunderstanding of the outcome of the negotiated restructuring of the Solyndra obligation to DOE," Nwachuku replied. "Could you give me a call to discuss.”

David Frantz, the director of DOE's Loan Guarantee Office, also spoke up in an email that shrugged off the Treasury official's concern. “I think his point was just a heads up," he wrote. "I do not believe there is an issue here and fear Gary may have some misunderstanding.”

But six months later, as Solyndra edged closer to filing for bankruptcy protection, a top Treasury official reminded colleagues in the White House Office of Management and Budget DOE had been warned about its plans to change the terms of the loan guarantee.

"In February we requested in writing DOE seek the Department of Justice’s approval of any proposed restructuring," Mary J. Miller, assistant secretary for financial markets at Treasury, wrote to Jeffrey Zientz at OMB. “To our knowledge, that has never happened.”

The emails were part of a trove of internal White House correspondence released late Friday.

House Republicans seized on Miller’s emails Friday evening, writing a letter to Treasury Secretary Timothy Geithner demanding information on Treasury’s role in the restructuring of the Solyndra loan guarantee.

A source familiar with the issue said DOE and Treasury officials discussed the need to contact Justice in February but decided against it.

"Ultimately, DOE's determination the restructuring was legal was made by career lawyers in the loan program based on a careful analysis of the statute," DOE spokesman Damien LaVera said Monday.

Energy Secretary Steven Chu is also expected to address the decision when he appears later this fall before the Energy and Commerce Committee’s oversight subcommittee.

Some content from NYT and AP.

Jon Garrido served as the former Executive Director of Economic Development for the City of El Paso, Texas and Economic Development Coordinator for the City of Tucson, Arizona and is familiar with rules and regulations regarding private business loans using funds of the U.S. Economic Development Administration, the U.S. Small Business Administration and the U.S. Department of Housing and Urban Development.