Solyndra.

I've been watching the local, national news and reading the papers, but some things not being talked about:

• Solyndra's loan was under OMB review since the Bush Administration.
• If this had been any other small business that had applied for a loan, and it took the government over a year to sign off on the loan, Republicans would be holding this up as a sign of how slow government is.
• The implication is that the Obama Administration pushed through the loan approval, but what actually happened is that the Obama Administration pushed the OMB to speed up its review.
• This sort of faster review is the same sort of accelerated process that Republicans have been pushing for approval of nuclear and offshore oil approvals.
• The Department of Energy had already signed off on the loan.
• That initial approval was in August 2007.
• Solyndra applied for the loan program in December 2006.
• It was part of a program that was first created in 2005 (The Energy Policy Act of 2005) under 100% Republican control of the House, Senate and White House.
• The failure of Solyndra represents 1.3% of the $38B program's loan portfolio.

The media is either lazy, or attempting to hide the facts.  The entire timeline is outlined by the Republican-controlled House Committee on Energy and Commerce, here.  Don't get me wrong, I think it should be investigated, but the political rhetoric from Republicans is at odds with its own dogma, here, claiming that the government has too much red tape.