Obama’s Solyndra-induced headache

Word on the wires this morning is that the Obama administration is worried the unfolding Solyndra scandal will have a negative effect on President Obama's re-election bid.  The AP reports:

The Obama administration was worried about the financial health of a troubled solar energy company even as officials publicly declared the company in good shape, newly released emails show.

An email from a White House budget official to a co-worker discussed the likely effect of a default by Solyndra Inc. on President Barack Obama's re-election campaign.

"The optics of a Solyndra default will be bad," an official from the Office of Management and Budget wrote in a Jan. 31 email to a senior OMB official. "The timing will likely coincide with the 2012 campaign season heating up."

The administration should be worried.  Recent polls suggest the president is quickly losing the support of various voting blocs he relied on in 2008, including women, Hispanics and young voters.  How can they spin their way out of this one when even Jon Stewart can't even conjure up some silver lining?

Viewer warning: Language, racy jokes... It's Jon Stewart. You should expect to be offended in one way or another.