Politics

Bachmann: Solyndra Shows Obama’s Abuse Of Power

View Comments
(credit: Richard Ellis/Getty Images)

(credit: Richard Ellis/Getty Images)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up
Today's Most Popular Video
  1. 4 Things To Know For Oct. 22, 2014
  2. Target Offering Free Shipping Through December
  3. St. Paul Woman May Have Been Serial Killer Victim
  4. After Airbag Recall, Consumers Still Looking For Answers
  5. Group Pushes For Halal Food Shelf

COSTA MESA, Calif. (AP) – Republican presidential candidate Michele Bachmann says a half-billion dollar government loan to a solar energy manufacturer is an example of an “abuse of authority and power.”

Bachmann made the remarks Friday at an Orange County rally before the start of the California GOP convention.

The Treasury Department announced Thursday it has launched an investigation into a $535 million loan to the Fremont, Calif.-based Solyndra Inc.

The Silicon Valley company was the first renewable-energy manufacturer to receive a loan guarantee under the stimulus law. President Barack Obama’s administration frequently touted Solyndra as a model for its clean energy program.

It has since laid off more than 1,000 people and filed for bankruptcy.

Bachmann called the loan “crony capitalism” during the rally.

Solyndra executives raised more than $100,000 for Obama and Democrats.

(© Copyright 2011 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

View Comments
blog comments powered by Disqus
Follow

Get every new post delivered to your Inbox.

Join 1,906 other followers