JR: At the end, I’ll add some more on GOP hypocrisy on this issue.

Aerial photo of site for Fisker Automotive facility in Delaware, made possible by a clean energy loan program
by Dave Roberts in a Grist cross-post
Here we go again.
ABC News and iWatch have a big new report out that desperately tries to lend an air of scandal to another Department of Energy loan guarantee. It’s a remarkable package, nearly 3,000 words and three ABC News segments full of handwaving and innuendo suggesting that there’s something shady going on, using the word “Solyndra” as often as possible, but in the end there’s … nothing. Not a single bit of evidence of wrongdoing or corruption. It’s a gigantic nothingburger. It just describes the loan program working exactly as it was intended to, but in a tone of dark insinuation.
The fact that there’s no there there will of course not impede the U.S. scandal machine. Already the Drudge Report has linked it, Sarah Palin has Tweeted it, right-wing blogs are flogging it … Next thing you know, other media will be hyping it to, because, you know, “questions have been raised.” And it’s off to the races all over again.
Just for the record, let’s walk through the facts.
The loan program in question is the $25 billion Advanced Technology Vehicles Manufacturing (ATVM) Loan Program, established in 2007 by the energy bill passed under George W. Bush. It’s intended to speed the introduction of more efficient vehicles into the U.S. market and help stand up domestic industries to supply those vehicles.
The ATVM program was fully funded in 2008 and began issuing loans in 2009. In June of that year, Energy Secretary Steven Chu announced the first three recipients: $5.9 billion to Ford, $1.6 billion to Nissan, and $465 million to electric automaker Tesla.
Then, in September 2009, DOE announced a fourth recipient: $529 million to California-based Fisker Automotive. The loan was finalized in April 2010 and announced at an event with Vice President Joe Biden.
At the time, Fisker had one vehicle under development and another planned, both plug-in hybrids; the loan was split between them. The smaller portion, $169 million, was devoted to helping Fisker work with U.S. suppliers to finish up the Karma, a $97,000 four-door luxury sedan. The larger portion, $359 million, was devoted to Project Nina, Fisker’s plan to develop a mid-market plug-in sedan. The company expects the Nina to cost around $39,000 and be in mass production (75,000-100,000 a year) by late 2012, with delivery to begin in 2013.


On Monday, the day Vice-President Joe Biden was to arrive in Israel, the Israeli government 