2 Articles

One of the many, many contentious issues that make up the ongoing pointless battles between the Democrats and Republicans in Washington, D.C. is the Solyndra case, about how the now-bankrupt solar-power company got loan guarantees. Republicans say the Obama Administration pushed the loans through in a less-than-honest manner. The Administration and the DOE say everything was aboveboard.

The U.S. Congress will be seeing a bill this week that, if adopted, would allow automakers the ability to obtain $20 billion in federally backed loan guarantees. The bill is open to any auto manufacturer including foreign-based Toyota and Honda, but it's clearly targeted at the domestics. As the credit ratings of the Big 3 continue to drop, this bill could potentially save them hundreds of millions of dollars while fomenting the development of clean-air technologies. U.S. Representative Mike Rog