Investigation Reveals Solyndra Just The Tip Of The Iceberg With obama Regime’s “Green” Schemes…
A House Oversight and Government Reform subcommittee dug further into the $90 billion directed toward green-energy initiatives in President Obama’s 2009 stimulus, noting questions not only about whether the programs have wasted taxpayer money but whether the White House pulled strings for some firms.
“When taxpayers lost over a half-billion dollars on Solyndra, the Obama Administration said that it was just one bad apple and that the rest of the portfolio was strong,” said subcommittee chairman Jim Jordan (R-Ohio). “It is becoming increasingly clear that Solyndra was just the tip of the iceberg in a sea of taxpayer risk.”
The Regulatory Affairs hearing was made even better by the chairman of the full committee, Rep. Darrell Issa (R-Calif.), dropping in to question the six CEOs of alternative-energy companies lined up at the witness table.
Four of those companies together received $5 billion in loan guarantees from the Department of Energy…(Con’t)