Bankruptcy court to hear Solyndra's case

7:06 AM, Jul 16, 2012   |    comments
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The company laid off eleven-hundred workers and filed for Chapter Eleven bankruptcy protection last year despite receiving more than $500 million in federal loan guarantees.

It's not clear how June's biggest political headline - the Supreme Court's decision to uphold "Obamacare" - will play out in the campaign.

Congressional Republicans have jumped on the court's conclusion that a fee to be imposed on people who refuse to obtain health insurance is actually a tax. Romney tiptoes around the issue because the fee/tax is similar to one he imposed on Massachusetts residents who failed to buy medical insurance.

"Once the dust settles, the health care issue still serves as a way for both sides to motivate their respective bases, but it's hard to see it playing much of a role with the rest of the electorate," said Dan Schnur, a former Republican adviser who teaches political science at the University of Southern California. A more important issue, Schnur said, "is Bain vs. Solyndra."

Solyndra was a California-based solar panel manufacturer that received a large federal loan and big compliments from Obama before filing for bankruptcy.

"There's no question the Bain argument is working very effectively for Obama," Schnur said, "because it hits directly at voters' biggest concerns about a private sector-driven approach to the economy. But Solyndra accomplishes exactly the same thing for Romney, when he argues about too large a role for government."

(KUSA-TV © 2012 Multimedia Holdings Corporation with The Associated Press)

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