Republicans Open Probe into Biden's Green Energy Lending, Raising Specter of Solyndra
-
Republican lawmakers are investigating Biden's $400B green energy lending program, reminiscent of the Solyndra probe under Obama.
-
They are looking for failures or bad loans to use as political ammunition, though some failure is expected with innovative private sector financing programs.
-
This probe parallels impeachment efforts - trying to find wrongdoing rather than starting from clear evidence.
-
The Solyndra debacle damaged Obama's green energy efforts, even though he won re-election. Congressional probes can turn up unrelated damaging information.
-
The investigation's impact depends on if actual problems are uncovered, but these probes are often fishing expeditions.