ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

THE PRESIDENT & SOLYNDRA.

Updated on September 24, 2011

Don't let that happen.

Many people are thinking that a Congressional committee probing the sudden declaration of bankruptcy by Solyndra, a small solar energy producing company located in California, has political connotations.

Why? Because it has allegedly enjoyed what seemed to be a special kind of relationship with the White House in the past.

President Barack Obama has touted the company and called it a progressive enterprise; one that stood out as a practical example for other small companies to emulate.

The company has taken a government assisted loan, of $535 million dollars in 2009, only to default in 2011.

It will therefore be rather nonsensical to say that members of the United States Congress are being inquisitive to go after the company for losing taxpayers' money so quickly. After all, it is their responsibility to watch over the country's money and how it is appropriated.

It would therefore be irresponsible, if not cynical, on their part not to follow through to find out how the company has spent such a huge sum of money in so short a time.

The Obama administration has been keen on helping "green" companies to obtain financing; and to encourage them in their effort to assist the government to make America to be energy independent.

So, such companies have been allowed to assume certain special privileges in gaining access to government sources that would be more sympathetic in responding to their needs and concerns; and Solyndra has been one of them.

For it (Solyndra) to go under so fast will cast a long shadow over the White House, because of the close connection it (WH) is said to share with that company.

The investigation has also occurred at a time, when there have been so many disagreements on Capitol Hill on several issues.

Presently, Congress is grinding to a halt on one such issue, and the outlook of it is not too pleasant. The possibility of the government shutting down tends to be imminent.

Almost at the same time, the executives of Solyndra have decided to stonewall its investigation by invoking their Fifth Amendment rights; but Congressional members have set out to get to the bottom of the matter.

The Solyndra lawyers must stop that nonsense, as the country is badly in need to know the truth about the $535 million dollar loan, and whatever has become of it.

It will also be a good idea for the president to come out and clear the air, as his administration is closely involved with the case. Or a very bad impression will be created for the public to deduce that the administration is hiding something.

That will adversely affect the promotion of his job creation plan, which includes more spending of government money for energy producing businesses. It will be like throwing good money after bad.

It will be a case of making a double mistake and putting money into supporting untried companies that can be lost; one which will permit people to say that the government is pursuing a policy of making bad investments after bad investments.

That will only give credence to those who are determined to to stop President Obama's reelection bid in 2012. That must not happen.

Comments

    0 of 8192 characters used
    Post Comment

    No comments yet.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)