national-news-from-abc

GOP: Obama DOE Thought Solar Failure Would Be Embarrassing

GOP: Obama DOE Thought Solar Failure Would Be Embarrassing Senior Obama Administration officials decided to restructure the government's half-billion-dollar loan to the California solar energy firm Solyndra even after government analysts had concluded it would cost taxpayers far less to allow the company to fail, according to a newly released report on the investigation into the Solyndra matter by House Republicans. The decision appeared to be made at least in part out of concern with how it would look if Solyndra -- the first recipient of government funds meant to spark growth in the nation's production of cleaner burning fuels -- went bust, according to the report, which quoted extensively from internal administration emails.


Read more http://feeds.abcnews.com/click.phdo?i=6ca589ae17fb51ce909c48490fc849f4