$535 MILLION DOWN THE URINAL

White House Rushed Bad Solar Loan

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On top of all its other troubles, the Obama administration may have a small scandal on its hands: the White House rushed regulators to approve a $535 million loan for solar-panel manufacturer Solyndra, which collapsed despite taxpayer assistance two weeks ago.

Emails released by Republican investigators in Congress show the White House in August 2009 asked the Office of Management and Budget to hurry its consideration of the loans so Vice President Joe Biden could announce the deal in September. “We have ended up with a situation of having to do rushed approvals on a couple of occasions (and we are worried about Solyndra at the end of the week),” one OMB official wrote to Biden’s domestic-policy adviser. Another email complained of “the time pressure we are under to sign off on Solyndra.”

My comment: What chance do we have of balancing our budget when there is so much waste and fraud committed by our own government?

Source: CHEAT SHEET
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