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Originally Posted by Vendzilla
The Stimulus helped Solyndra secure a $535 million loan guarantee from the Department of Energy.
Plans like this that Obama is pushing did't work and Obama is pushing for more money that will be pissed away just as well, I just wish the GOP would get someone to get there shit together and stop the madness
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The Bush team tried to conditionally approve the Solyndra loan just before President Obama took office.
The company?s backers included private investors who had diverse political interests.
The loan comprises just 1.3% of DOE?s overall loan portfolio. To date, Solyndra is the only loan that?s known to be troubled.
http://thinkprogress.org/romm/2011/0...oan-guarantee/
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'one of the Solyndra investors, Argonaut Venture Capital, is funded by George Kaiser ? a man who donated money to the Obama campaign ? the loan guarantee has been attacked as being political in nature.'
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What critics don?t mention is that one of the earliest and largest investors, Madrone Capital Partners, is funded by the family that started Wal-Mart, the Waltons. The Waltons have donated millions of dollars to Republican candidates over the years.
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