“The reason for keeping it quiet is because we knew if word got out that Solyndra would do everything in their power and the Obama administration would do everything in their power to stop us from having this news conference,” an aide said in a briefing en route. “But taxpayers made a substantial investment in Solyndra, there are serious questions about what happened at Solyndra, why that investment was selected, what happened to that money.”
Solyndra is the failed California-based solar technology company that received more than $500 million in federal stimulus money before it went bankrupt last year. It has since become a mantle of Romney’s argument that Obama doesn’t know how to run the economy.
Beginning in March 2011, ABC News, in partnership with iWatch News-The Center for Public Integrity, was first to report on simmering questions about the role political influence might have played in Solyndra’s selection as the Obama administration’s first loan-guarantee recipient. Federal auditors had flagged the loan, saying some applicants had benefited from special treatment.