In advance of intensifying scrutiny of the loan, the White House has noted that the Bush administration was the first to consider Solyndra’s application, and that some executives at the company have a history of donating to Republicans.
Obama administration hailed the Solyndra loan as the first in a series of federal infusions for "green energy" firms that held the potential to clean up the environment and create jobs"... "Money well spent." Shocked workers walk into the company and the doors are shut..no one saw it coming." Not enough money for a severance package." "Republicans said they smelled a rat from the beginning."
Billionaire George Kaiser fund raiser for Obama could not be found for comment.
Rep. Henry Waxman-D is on a roll!
My understanding is that Solyndra applied for this loan in 2006 when Bush was President,
What Waxman fails to mention is the fact that the loan was denied by the Bush Administration.
Of course the Dept. of Energy is in full CYA mode and insisting that the loan wasnt rejected by the Bush Administration but remanded it back for further analysis.