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UPDATE IV: Ricj Perry and Ron Paul weren't the only Republi-cons that were for government subsidies of clean energy, before they were against them. Read the Washington Post, Romney’s conflicting remarks on Solyndra-like investments.
UPDATE III: "House Democrats on Wednesday called for Congress to expand its investigation into federal loan programs to include a Bush-era loan to the bankrupt broadband Internet firm Open Range.
Open Range went bankrupt earlier this month after receiving the federal government’s biggest broadband loan totaling $267 million. Its collapse has put in jeopardy $74 million in money doled out to the firm."
Read the Washington Post, Democrats call for investigation into bankrupt Open Range federal loans.
Another example of what goes around comes around.
UPDATE II: More Republi-con hypocrisy, shocking, NOT.
Two Republican presidential candidates who have spoken out against federal subsidies for energy projects tried to obtain such benefits three years ago. Read the Washington Post, Rick Perry, Ron Paul have mixed record on energy subsidies.
UPDATE: "Today, the Republican-led Energy and Commerce Committee is investigating Solyndra, forcing its executives to take the Fifth Amendment, and releasing embarrassing White House e-mails. I looked it up: every single Republican on that committee who was in office in 2005 voted for the loan guarantee program that they are now so gleefully condemning." Read The New York Times, Hooray for Federal Loans!
Did you know "that Solyndra was cleared to participate in this loan-guarantee program by President George W. Bush’s administration [and] that the legislation creating the loan-guarantee program, approved by the Republican-controlled Congress in 2005, received yes votes from — wait for it — DeMint, Hatch and McConnell. . .
Bush’s Energy Department apparently adjusted its regulations to make sure that Solyndra would be eligible for the guarantees. It hadn’t originally contemplated including the photovoltaic-panel manufacturing that Solyndra did but changed the regulation before it was finalized. The only project that benefited was Solyndra’s."
Read the Washington Post, The birthing of Solyndra, which notes that the Obama "administration gave the company the loan guarantee, deserves the black eye that Republicans have given him over the half a billion dollars squandered on the company. But the Republican paternity of the program that birthed Solyndra suggests some skepticism is in order when many of those same Republicans use Solyndra as an example of all that is wrong with Obama’s governance."
