Obama Tainted by Loan Guarantees to Solar Firms
- Michael Barone - GOPUSA
- Sep 15, 2011
One factor favoring President Obama's re-election, according to a recent article by political scientist Alan Lichtman, is the absence of scandal in his administration.
Lichtman may have spoken too soon.
The reason can be capsulized in a single word: Solyndra.
That's the name of a company that manufactured solar panels in Fremont, Calif. (which voted 71 percent for Obama in 2008).
Solyndra was the first company to receive a loan guarantee from the Department of Energy as part of the 2009 stimulus package. This wasn't small potatoes. The loan guarantee was for $535 million.
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