Exclusive Timeline: Bush Admin Advanced Solyndra Loan Guarantee for Two Years-Media Blow the Story

[kpete]

Source: Think Progress

Exclusive Timeline: Bush Administration Advanced Solyndra Loan Guarantee for Two Years, Media Blow the Story
By Stephen Lacey and Climate Guest Blogger on Sep 13, 2011 at 11:10 am

It’s often claimed that the Solyndra loan guarantee was “rushed through” by the Obama Administration for political reasons. In fact, the Solyndra loan guarantee was a multi-year process that the Bush Administration launched in 2007

.
You’d never know from the media coverage that:

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.

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Read more: http://thinkprogress.org/romm/2011/09/13/317594/timeline-bush-administration-solyndra-loan-guarantee/

[SoapBox]

1. The local FuxNoose Channel (Channel 11) here in Los Angeles covered this breathlessly last night...

OH YA!!

It was all about PBO and the sweet heart deal to this company.

The way it was being covered, made me think that SOMETHING was wrong with the story.

[formercia]

2. The point of these 'Journalistic' exercises is to get the lie out there

which then gets circulated in the Blogosphere and gets repeated so often, it becomes 'Truthiness', regardless of any retraction that might follow.

[dixiegrrrrl]

3. That outs it in perspective, very helpful info.

K&R

[tanyev]

4. Correction. The media is covering it exactly the way their corporate masters want them to.