The Solyndra ScandalTotally missing the point. But it did give occasion for one of our fav writers, Pejman Yousefzadeh of A Chequer-Board of Nights and Days to have at it time and time again:
Haven’t written about this. But it is indeed a terrible scandal, because the private sector never ever puts money into ventures that end up failing.
I guess this means that the people who repeatedly told us during the debt ceiling crisis that it would be terrible for the U.S. to default (a position I agreed with then, and agree with now), are presently telling us that it isn’t newsworthy that a government-backed business defaulted on loans that it had to pay back to the United States government.Yes, default is unthinkable for the US government, that would be irresponsible, but for companies the government loans its money to, why they can default all week long, and twice on Sundays, and we're not in the least bit troubled by it.
And now The Washington Post reports:
The Obama administration, which gave the solar company Solyndra a half-billion-dollar loan to help create jobs, asked the company to delay announcing it would lay off workers until after the hotly contested November 2010 midterm elections that imperiled Democratic control of Congress, newly released e-mails show.To sum up the Obama administration, the government's got tons of money to throw around, sure. That's not the problem. The problem is you and I aren't putting out our fair share to pay on the debt they've been piling up.