The Bush administration pushed on the review committee to complete the loan prior to Bush leaving office so that they would have a ‘green’ thing on their record.

There were no Obama bundlers invested in Solyndra. The conservative Walton (Walmart) family were investors. Solyndra’s CEO was a Republican.

Someone has fed you some phony information.

You’ve even bought the lie that working Americans don’t pay taxes. I’m betting you get your pseudo-news from Fox.

The people whom the Bush administration pushed to approve the Solyndra loan were exactly the same people who approved the loan once the application was approved.

Unlike what the Bush administration did, the Obama administration put no pressure on the review committee to approve the loan.

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The loan was not given to ” a Obama supporter”. The loan was given to a company whose CEO was a Republican.

The investors in Solyndra include the quite conservative Walton (WalMart) family.

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If you go back and read the articles written about Solyndra you’ll see that the conservative financial press spoke highly of Solyndra’s technology at the time.

This was a project supported by both conservative and liberal sides. It was widely seen as a good idea when the price of solar panels was very high. The price of solar fell extremely quickly, which no one had predicted.

Secondly, if you haven’t noticed, I didn’t write this article. I’m just responding to the trolls dropping inane comments here.

No one tried to blame Bush for the failure. The point was that this is a project that went through the bureaucratic process for years, starting in the Bush administration. Don’t be so sensitive and defensive.

I’m not sure what proof you are looking for. For what?

If you look at the facts honestly, it is tough to argue that the Obama administration was just continuing the process that the Bush administration had set up.

At the Huffington Post you can read the document from the Bush DOE (dated Jan 9, 2009) that remanded the application back to the Loan Guarantee Program Office for more extensive information and study. The committee provided 4 main areas that disqualified the application from approval: 1. lack of an independent market study and the reference to obsolescence in the companies report, 2. documentation on the supposed sales agreements was not provided to the government to assess future earnings, 3. they questioned the strength of the parent guarantee for the project, and 4. there was significant concern regarding the scaling of production assumed in the proposed plan.

In essence the committee remanded the loan application (without prejudice) because of questionable assumptions, documentation, and plans. It wasn’t a flat denial, but the information required to support an approval seemed to be quite high and the committee seemed quite skeptical at that point.

The HuffPo article is titled “Solyndra: White House Pushes Back As House Republicans Probe Loan Guarantees”. The link is in the 13th paragraph.

“Solyndra submitted its initial application in 2006 and much of the extensive due diligence on the transaction was conducted between 2006 and the end of 2008. By late 2008, Solyndra was considered by those involved in the DOE loan programs to be the most advanced in the due diligence process, and the likely recipient of the program’s first loan guarantee. In fact, by the time Obama Administration took office in late January 2009, the loan programs’ staff had already established a goal of, and timeline for, issuing the company a conditional loan guarantee commitment in March 2009.”

http://www.mercurynews.com/business/ci_18887946?source=pkg