Thursday, September 29, 2011

So long Solyndra---but no goodbyes to crony capitalism

The Obama administration made three errors when it got into trouble with Solyndra. It challenged science and economics. Add Chicago-style crony capitalism to the toxic mix and the result is a $500 million loss for taxpayers.



Is this just the beginning? Yesterday the radicalized-Department of Energy approved a $737 billion loan to a company where the brother-in-law of Nancy Pelosi is second-in-command.

Related post:

Solyndra whistled while passing through the financial graveyard

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