It was painful to learn recently that a California solar panel manufacturer was filing for bankruptcy, costing more than 1,000 workers their jobs.
And it was troubling that the now-bankrupt company, Solyndra Inc., had received a federal loan of half a billion dollars – for which U.S. taxpayers now are on the hook.
But it is absolutely appalling to learn that the Obama administration pressured the federal Office of Management and Budget to hurry its review of the proposed loan – for brazen political purposes!
The Washington Post reported that the White House repeatedly sent email demanding to know when the OMB would complete its financial review of the proposed loan to the solar power company.
The White House kept pointing out to the agency that there was an upcoming groundbreaking for the company, during which government officials wanted to announce the approval of the loan to Solyndra.