Two years ago today, May 26, 2010, President Obama traveled to Fremont, California to showcase a “brighter and more prosperous future” promised by the green-energy company Solyndra.
The solar panel maker went bankrupt last year, taking with it $535 million in taxpayer-funded loan guarantees. More than 1,000 people lost their jobs. The Obama administration had cut corners to rush money to Solyndra, with some of the beneficiaries being top Obama fundraisers. Even as Solyndra failed, the administration considered giving it another $469 million.
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