And now the Trib editorial that echos its message:Solar-panel maker Solyndra LLC's Chapter 11 bankruptcy filing last week left taxpayers on the hook for more than half-a-billion dollars in federal loan guarantees and put 1,100 out of work. And it's the latest case study in the predictable failure of Obamanomics -- a "green" beneficiary of crony capitalism, unviable even when subsidized by a government trying to pick winners.Yea...about those loan guarantees. You could guess from the braintrust's editorial that Solyndra sent an email to Van Jones in the White House who then personally rubber stamped a $500 million loan guarantee to help out some Obama campaign contributors.
The facts (those stupid stubborn things) shall we say complicate this right wing meme.
The program under which Solyndra got the loan guarantee was section 1703 of the Energy Policy Act of 2005. Solyndra applied for the loan guarantees in December of 2006. In 2007, the Department of Energy deemed Solyndra eligible to move forward in the loan guarantee process.
Tell me again who ran the show in DC from 2005 to 2007?
So tell me how this is all about "Obamanomics"?
