Solyndra's Bankruptcy: Another Watergate — Or Another Whitewater?September 15th, 2011 8:54 pm Joe Conason
When the Republicans regained control of the House of Representatives last year, they vowed to launch dozens, perhaps hundreds, of shocking investigations of the Obama administration. So far their Congressional probing powers haven’t produced much in the way of shock, let alone awe. In the failure of Solyndra — a solar energy company subsidized with American Recovery and Reinvestment Act funds — they think they have finally uncovered a scandal that will prove the administration’s mismanagement and corruption.
According to their version of the Solyndra story, its bankruptcy shows not only that the White House misused stimulus money, but that solar energy doesn’t work and that all public investment (and especially the Obama stimulus) is synonymous with waste and fraud.