At the time the Energy Department was considering the loan, however, an Office of Management and Budget analysis “suggested that Solyndra could run out of money in 2011” and said that it had a 20 percent chance of failing, which was actually well below some successful loans. An Energy Department official told Grunwald, “When I heard they got the first loan, I thought, oh, no! Noooooooo.”
Six Revelations From Michael Grunwald’s ‘The New New Deal’
Grunwald's response, though, would be that a lot of Washingtonians, Republican as well as Democrat, were pushing for loans for their own pet energy project.
The response to that would be that this was the one that went through and lost money. That's a lot more serious than projects that aren't adopted and don't cost the taxpayers anything.
FWIW, I wanted to find out if Michael Grunwald was related to legendary Timesman Henry Anatole Grunwald. I didn't, but Clintonista Mandy Grunwald was the old man's daughter.
Mikie took his wifie’s last name?