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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: jlallen who wrote (762418)	1/8/2014 7:15:30 PM
From: Alex MG	Read Replies (1) \| Respond to of 1573901

Bush energy officials wanted to get the loan closed on their way out the door — it was listed as the first of their "three highest priorities through January 15." (Obama took office Jan. 20, 2009.) But the Energy Department's credit committee held things up for more analysis. "The number of issues unresolved makes a recommendation for approval premature at this time. Therefore, the committee, without prejudice, remands the project to the LGPO [Loan Guarantee Program Office] for further development of information," the committee said. It noted Solyndra's project "appears to have merit." But the clock had run out. That didn't keep Bush from touting the loan guarantee program on his way out of office. On Jan. 6, 2009, in remarks on conservation and the environment from the Eisenhower Executive Office Building, he said, "We dedicated more than $18 billion to developing clean and efficient technologies like biofuels, advanced batteries and hydrogen fuel cells, solar and wind power, and clean, safe nuclear power. We're providing more than $40 billion in loan guarantees to put these technologies to use." Thanks OBAMA!!!!!