Depending on which side of the political aisle they originate opinions vary on whether the solyndra controversy is a scandal that can be fully attributed to barack obama.
President obama solar panels.
A123 solar received 279 million from taxpayers thanks to president obama s department of energy loan guarantees even after the solyndra bankruptcy and is getting another 500m from obama after a loss of 400m.
Most on the right claim president obama pushed his green agenda with a blatant disregard for the california solar company s lack of financial health.
Obama referred to solyndra s loan at an oct.
Department of energy loan guarantee the first recipient of a loan guarantee under president barack obama s economic stimulus program the american recovery and reinvestment act of 2009.
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President obama subsidized solar and other renewable energy in the united states with taxpayer money to the tune of 39 billion per year on average for the past 5 years.
President barack obama who made environmental issues a focus of his presidency planned to install solar panels on the white house by spring 2011 though the project wasn t begun until 2013and completed in 2014.
3 president obama exaggerated when defending his administration s approval of a 535 million loan guarantee to solyndra a now defunct solar company.
Since the failure of solar panel company solyndra president obama s 80 billion clean technology program has begun to look like a political liability.
Solyndra received a 535 million u s.
However solyndra officials used inaccurate information to mislead the department of energy in its application.