"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
A Teachable Moment Courtesy of Solyndra
"Solyndra's declaration last month that it intended to shut down manufacturing operations and declare bankruptcy has set off a political firestorm in Washington. And no wonder. The California-based solar panel manufacturer was the poster child of the Obama administration's much-ballyhooed green jobs campaign and was the recipient of a staggering half billion dollars worth of taxpayer guaranteed loans."
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The bottom line?
"The fact that federal loan guarantees were even necessary for Solyndra tells us that few, if any, lenders thought that giving the firm money was a very good idea." ~ Jerry Taylor and/or Peter Van Doren
And, I'm not at all certain that the fact that "major Democratic donor, George Kaiser, had a major stake in the firm" had nothing whatsoever to do with Barack Hussein Obama's decision to offer up over FIVE HUNDRED MILLION TAXPAYER DOLLARS in federal loan guarantees to SOLYNDRA.