[saden1]

Originally Posted by 12thMan

There are other loans still in the pipeline to be approved under this program, Solyndra was simply the first to get approved. In fact they started the competitive application process back in 2006 under the Bush admin, but they saw the red flags and said no thanks. So they didn't just pop up in 2010 and ask for half a billion. I agree with you, however, that this reeks of negligence.

Someone in the government should come forth with more answers about the vetting process and why were the red flags ignored. But my personal opinion is the political fallout for the Obama admin. will be minimal. Unless the president was directly involved, laws were broken or there were back-door agreements, I don't see it being a huge campaign issue. It might come up in a debate here and there, but people are mostly focused on the big issues of the day. We'll see I guess.

Ignorance on the part of Obama is no defense and at the end of the day it's another stain on his record. Of course it won't help the Republican candidate as much as it could have due to thier idiotic support for giving no strings attached money to the highly profitable oil industry.