Energy Department To Revive Loan Program That Caused Obama-Era Scandal
https://davidharrisjr.com/steven/energy-...ama-era-scandal
Steven Ahle


Energy Secretary Jennifer Granholm said the Biden administration will be restarting the green energy loans that caused a huge scandal during the Obama/Biden administration. When this was pointed out to Granholm she brought up Solyndra and claimed that was an outlier. An outlier is often used to describe a poll that is much different from all other polling. But, Solyndra was hardly an outlier.

Granholm said:

“Our loan authority, $40 billion worth, has helped some of America’s bravest entrepreneurs get their best ideas off the ground and flourish into what they are today. Those kinds of projects have supported thousands and thousands of jobs, and taxpayers have made that money back and then some.”

The Energy Department’s loan program was created in 2009 was started under Obama/Biden and made about $35 billion in loans and loan guarantees. The bad loan made to Solyndra would probably not have happened if a member of the Obama/Biden administration had not written and asked that the loan be fast-tracked. Who would do such a thing? Joe Biden would and he did.

The fund went pretty much unused during the Trump administration with one noticeable exception, a $12 billion dollar loan guarantee for a nuclear power plant in Georgia.

Are all of these failed green energy companies outliers?:-- excerpt, rest at link above --