"Bogus memes die hard, as evidenced by the persistent claims by Obama administration defenders that the Solyndra fiasco was really President George W. Bush’s fault, or at least equally his fault. They’ve have been pushing this argument ever since the federally-backed solar panel went bust in 2011 taking more than a half billion taxpayer dollars with it.
An article on the website TPM today criticizing a recent Mitt Romney campaign ad is the latest to do this. It notes that the ad raises the issue of Solyndra, argues the charges it makes aren’t founded and then adds:
The original clean-energy program was hardly some Democratic scheme: It was created by President Bush, whose administration was already considering Solyndra’s loan application when Obama took office.
The implication that the Bush administration was moving forward with the project is, to put it bluntly, a serious distortion of the facts. While the application was made during the Bush administration, they never approved it and in fact rejected the application in its final days, as the key documents all prove.
Democrats argue the Energy Department first received the loan request in December 2006. By January 2009, it was still under consideration. That month, the department’s Loan Guarantee Credit Committee put the project on hold.
In a terse one-page memo, dated Jan. 9, 2009, the committee noted that the “apparent haste in recommending the project meant that certain LGPO (Loan Guarantee Program Office) credit procedures were not adhered to.”
It further stated that:“While the project appears to have merit, there are several areas where the information presented did not thoroughly support a finding that the project is ready to be approved at this time.” It then cited four areas of concern."