EDITORIAL: Obama's solar stimulus snafu - Washington Times

Just another day in Washington, I guess.

Hopefully the jobs speech contains better plans than this one. $535M flushed to "save" - not create - save 1,100 jobs for 12 months. Delaying the inevitable. Money flushed, no jobs "created" and none really "saved". Plus details are emerging that the bigs at the company were large donors to guess who? Crony Capitalism at its finest.

Seriously though, I blame US, the electorate. Because what little we did know about him screamed "Chicago politician". So to act surprised that there is some level of skull-duggery in his administration / policies is a bit naive.

It's like we act all surprised when we hear about the kid who growing up used to torture the neighbor's cats, and then he goes off and kills some folks and we say "I didn't see that in him". Yeah, just a little like that.


EDITORIAL: Obama's solar stimulus snafu - Washington Times:

"The House Committee on Energy and Commerce is attempting to investigate Solyndra and the extent of its political connections to the White House, but it’s being stymied by no-show witnesses and White House refusal to turn over records. One of the company’s leading investors, oil billionaire George Kaiser, was a campaign-donation “bundler” for the 2008 Obama campaign. An investigation by the Government Accountability Office found the Department of Energy announced Solyndra’s loan approval “prior to completion of external reviews required under procedures.” Earlier this month, the Office of Management and Budget agreed to comply with a House subpoena for up to 1,800 pages of records related to the Solyndra loan decision.

Whatever sweetheart, back-channel deals the investigation eventually reveals, the lesson is that it takes more to survive in the marketplace than just trendy green credentials, political pull and a boatload of taxpayer cash. Last year, Mr. Obama said, “The true engine of economic growth will always be companies like Solyndra.” Let’s hope not."