Obama's $535,000,000 Waist Of Tax Payers Money

[saden1]

I have no problem with the government lending money because government loans have made America what it is. From small business to large America has always lent its support to entrepreneurs I hope it continues.

What I do have a problem with is the lending of money without oversight and controls in place. In the case of Solyndra that wasn't an issue because the analysts advised against making the loan. This debacle is a colossal failure in governance on the part of the Obama administration. It may not have been not have been willful but it certainly was negligent.

I am left to ask why lend that large sum of money to one start-up company? Why not spread the money to various companies and mitigate the risk? And the only logical answer is that the decision was political. This is going to be a huge issue for Obama to wiggle out and I hope we will have answers as to what really happened.


TT Fail!