President Obama spent $535 million of taxpayer stimulus money to prop up Solyndra, a solar panel company run by his political campaign contributors. Even though Department of Energy and White House staffers warned that the company's business model would never work, the loan was rushed out the door anyway. Now that Solyndra has gone belly up, taxpayers are left holding the bill.

http://www.americansforprosperity.org/green-energy...

ALSO: Obama took office Jan. 20, 2009, and one of his first legislative achievements was a major economic stimulus package. The administration pushed to finish the $535 million loan for Solyndra so it could tout the company as a poster child of the stimulus — construction jobs plus a boost to American green energy. Solyndra got the loan Sept. 3, 2009.

As recently as 2010, the company was hailed as a Silicon Valley superstar, ranked a top clean-tech company by the Wall Street Journal and one of the "World's 50 Most Innovative Companies" by a Massachusetts Institute of Technology magazine.

But subsidized Chinese solar panels got even cheaper as the price of silicon plummeted — along with Solyndra's chances for becoming profitable. Red flags multiplied by February 2011, and the government restructured the loan to rescue the factory project.

Still, Solyndra collapsed spectacularly in August 2011. Factory employees who worked late the night before, as they often did, f