red states rule
09-26-2011, 03:12 AM
With the liberal media, giving half a billion taxpayer dollars to doners of Obama for "green jobs" and then the compayy goes bankrupt is no big story. But they were all over ENRON
Solyndra should be Obama's Katrina
The left wing media loves a good scandal, particularly one that somehow points out how allegedly greedy capitalists rip off taxpayers. If these capitalists are in any way connected to the Republican Party, like defense contractor Halliburton, it's feeding-frenzy time.
But if the scandal involves one of the liberal media's pet causes like "affordable housing" to the poor, scandals such as the widespread accounting fraud at the government mortgage lender Fannie Mae and the massive pay packages handed out to the agency's top executives are just not such a big deal. That is until Fannie imploded and taxpayers were stuck paying the bailout bills.
All of which brings us to the sad story of Solyndra, and how wasting more than $500 million of taxpayer money on a dubious technology isn't really much of a scandal, at least according to some of my colleagues in the financial press.
Solyndra is a company that was supposed to develop solar panels, and help the US compete with those financed and controlled by the Chinese government, which have cornered the market in these products. The reason it needed the government money was not just to better compete with the Chinese, but also to produce "green" energy and jobs for a Liberal's wet dream.
But the dream was deferred because the Chinese are better than we are at this business (which may not be much of a business in the first place), and Solyndra's business model made no sense -- it was trying to sell solar panels at prices well above the market rate.
American taxpayer money was wasted just about the moment the Obama Administration signed over the checks.
http://www.huffingtonpost.com/charles-gasparino/solyndra-scandal_b_980050.html
Solyndra should be Obama's Katrina
The left wing media loves a good scandal, particularly one that somehow points out how allegedly greedy capitalists rip off taxpayers. If these capitalists are in any way connected to the Republican Party, like defense contractor Halliburton, it's feeding-frenzy time.
But if the scandal involves one of the liberal media's pet causes like "affordable housing" to the poor, scandals such as the widespread accounting fraud at the government mortgage lender Fannie Mae and the massive pay packages handed out to the agency's top executives are just not such a big deal. That is until Fannie imploded and taxpayers were stuck paying the bailout bills.
All of which brings us to the sad story of Solyndra, and how wasting more than $500 million of taxpayer money on a dubious technology isn't really much of a scandal, at least according to some of my colleagues in the financial press.
Solyndra is a company that was supposed to develop solar panels, and help the US compete with those financed and controlled by the Chinese government, which have cornered the market in these products. The reason it needed the government money was not just to better compete with the Chinese, but also to produce "green" energy and jobs for a Liberal's wet dream.
But the dream was deferred because the Chinese are better than we are at this business (which may not be much of a business in the first place), and Solyndra's business model made no sense -- it was trying to sell solar panels at prices well above the market rate.
American taxpayer money was wasted just about the moment the Obama Administration signed over the checks.
http://www.huffingtonpost.com/charles-gasparino/solyndra-scandal_b_980050.html