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Originally posted by Firefly218
I don’t appreciate your interrogative tone. I was simply referring to the recession and will not “explain in detail” again. 2 words that describe you perfectly are pedantic and petty.

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Originally posted by Silent Master
You did exactly what Rob and others(including you) complain that Surtur does when people complain about Trump.

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Originally posted by Firefly218
Scandal would imply corruption or acting against the interests of the American people right? Under that definition, investing billions in loans to dozens of green energy ventures and having a few of them fail is not a scandal. Sure, you can say retrospectively that it was a mistake, but I don't see how it's a scandal.

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Obama referred to Solyndra’s loan at an Oct. 6 press conference as “a loan guarantee program that predates me.” That’s not accurate. It’s true that the Energy Policy Act of 2005 created a loan guarantee program for clean-energy companies developing “innovative technologies.” But Solyndra’s loan guarantee came under another program created by the president’s 2009 stimulus for companies developing “commercially available technologies.”

The president also overstated past Republican support for the program, saying “all of them in the past have been supportive of this loan guarantee program.” Republicans overwhelmingly opposed the American Recovery and Reinvestment Act of 2009, and some of them even voted against the Energy Policy Act of 2005 at a time when Republicans controlled both houses of Congress.

...

Solyndra was the first company to receive a loan guarantee under either program. Since then, the program has helped nearly 40 projects at a cost of about $36 billion — mostly under section 1705. Jonathan Silver — the former director of the Energy Department’s loan office who recently resigned — testified that the section 1703 program did not generate much interest perhaps because start-up companies found “the potential self-pay credit subsidy cost to be prohibitive.”

...

In the case of Solyndra, according to news reports, the company had drawn down all but about $8 million of its total loan allotment at the time that it announced it would file for bankruptcy.

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4. The Solyndra controversy was elevated to a scandal when it was revealed that Office of Management and Budget officials felt pressured to approve the loan, despite an awareness of Solyndra's financial instability. ABC News reported, "The deal later came under scrutiny from independent government watch dogs and members of Congress, which said the administration had bypassed key taxpayer protections in a rush to approve the funds — claims the administration has denied."