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
Crony Capitalism
Government makes a lousy investment banker or venture capitalist:
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Solyndra is part of a liberal character flaw. Think back. Who was it that wanted the loans with no strings attached back at the end of the 1990's. Who wanted unsecured loans for college students? Who now wants to blindly give billions in "green" loans to companies with less that sterling business plans or history based on little more than the push from some big spender who seems to have Obama in his back pocket. I'm sorry, but at some point even diehard Democrats have to wonder what kind of game this guy is playing. What is more, when are they going to start wondering where the money from all these grants and stimulus loans and such went? Surely the mere 1,100 who worked for Solyndra didn't make six figures each. So where did the money go? Where did the money go with all the other slippery loans? I personally believe that this is nothing more than money laundering on an EPIC scale. I think the bulk of the money from stimulus loans is sitting in DNC and Obama campaign accounts under the heading of "donations" in much the same way that minimum wage secretaries from liberal run and owned businesses were able to give the maximum. Sorry, but this entire process smells. And where there's stink, there's poop.
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