DOE Loan Guarantee Program
The US Department of Energy has at least 3 programs, which have guaranteed loans totalling about $38 Billion:
46% through the 1705 program
30% through the 1703 program
24% through the ATVM (Advanced Technology Vehicle Manufacturing)
These programs are estimated to have created 63000 jobs, to have contributed to the drop in solar energy costs (making solar energy more economically viable, benefitting US consumers and businesses), and giving the US a stronger footprint in this growth industry, rather than letting China completely dominate.
Solyndra was funded $500 Million through the 1705 program, which represents about 1.3% of the total portfolio.
Focusing only on Solyndra, is like focusing on the small mole on Scarlett Johannson's cheek.
After Recent Gaffes, Obama Looks Vulnerable In Polls
[quote]New polls show Americans increasingly have serious doubts about the president's ability to do his job, particularly when it comes to the economy.
• In a poll for The Hill. 66% of Americans now believe chronic high joblessness and slow economic growth are due to bad policy and most — 34% — blame Obama. Just 18% fault George W. Bush, Democrats' preferred villain. By 53-42, voters say Obama has followed the wrong policies and hurt the economy.
• After Obama's insulting remarks, a Rasmussen Poll shows 72% "believe small business owners (are) primarily responsible" for their success. And 57% think entrepreneurs "do more to create jobs and economic growth than big businesses or government."
• Despite Obama's repeated attacks on Mitt Romney's business background, another new poll shows Americans increasingly see Romney as a can-do alternative to a bumbling Obama. By a 63-29% margin, a USA Today-Gallup Poll finds Americans "say Romney's background in business. Would cause him to make good decisions, not bad ones" on the economy.
In short, the ballot-box Teflon may be wearing thin for Obama. We're not surprised.
[url]http://news.investors.com/article/619197/201207231913/obama-shows-vulnerability-on-economic-issues-in-new-polls.htm[/url][/quote]Perhaps American voters are finally waking up.