House Republicans made it crystal clear this week that they’re not going to let the ongoing saga surrounding the bankruptcy of an Obama administration-backed solar firm fade away.
The company, California-based Solyndra, declared bankruptcy and laid off 1,100 workers this month just two years after receiving a $535 million stimulus-law loan guarantee from the Obama administration.
The incident has ignited a firestorm in Washington, leaving the White House scrambling to defend itself against Republican allegations that the administration missed a series of red flags that hinted at Solyndra’s pending financial collapse. The debacle is a messaging nightmare for the White House, which has invested huge amounts of political capital in the stimulus law and its clean energy agenda.
Republicans have seized the political moment, launching investigations, leaking damaging emails from the White House and blasting the administration on television and the radio.
Sunday, September 25, 2011
It darn well better be, it's classic liberal cronyism combined with agenda driven initiatives with little concern for the taxpayers. I wonder if Obama and his administartion pukes would be so cavalier with their own money.
Posted by traderrob at 7:14 AM