"Not ready for prime time".
No matter how you try to spin this, the fact remains that the "government is a crappy venture capitalist". (Obama's top economic advisor Lawrence Summers words, not mine) The government isn't "well-equipped" to make such decisions, although I have to give at least some government bean counters some credit for picking to the month that Solyndra would fail nearly 3 years out. It was clear the politicians with alternate agendas and motives that signed off on this deal.
So your point is that this was such a marginal deal that even the Bush Administration was on the verge of signing off on it? Hardly makes for a convincing argument for the government being in the VC business. It really doesn't matter who is in the White House.