Solyndra, the solar panel company whose highly publicized failure and consequent investigation by federal authorities has flashed across headlines recently, isn't the only business to go belly up after benefiting from a piece of the $800 billion economic stimulus package passed in 2009.Limited government of enumerated powers. I wonder what section of the Constitution allows these so-called investments.
At least four other companies have received stimulus funding only to later file for bankruptcy, and two of those were working on alternative energy.
Friday, September 16, 2011
Government makes a lousy investment banker or venture capitalist: