14 Oct '11, 7am

House hearing marks new low in Solyndra witch hunt

Rep. Cliff Stearns (R-Fla.): "On one hand ... no, just that hand." Republicans are taking their Solyndra scandalmongering to the next level at today's hearing in the House Energy and Commerce Committee. They've called two critics of the Department of Energy to testify -- and will allow no response from DOE, even after Democrats on the committee requested that someone from the department's loan-guarantee program be allowed to testify. Suffice to say, these are not the actions of people seeking the unvarnished truth. Explaining why this is so egregious requires a little backstory. A little over a year after the original Solyndra loan guarantee was approved, the company was running low on cash. Its investors, however, were loathe to take on more risk. At that point, DOE officials (including Jonathan Silver , the head of the loan-guarantee program) faced a choice: Share some o...

Full article: http://www.grist.org/politics/2011-10-13-house-hearing-ma...

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