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Latest Solyndra Items
With the federal government closing in on its fourth consecutive budget deficit in excess of $1 trillion, the national debt is hurtling toward dangerous levels. If the nation is to avert a debt crisis, federal policymakers need to aggressively balance revenues. Business subsidies, or "corporate welfare," are a good place to start.
Power means never having to say you're sorry. Despite contrary evidence, the Obama administration is sticking to its story that the decision to loan $535 million to solar-panel manufacturer Solyndra was the right thing to do.
One month after the chief restructuring officer for failed solar panel maker Solyndra reported no wrongdoing by the company, documents show federal investigators have remained busy in recent months scouring the company's financial documents, internal emails and computers.
In terms of public image, the solar industry isn't having much fun in the sun lately. Many solar firms from around the world have fallen into bankruptcy in a tough environment of increasing competition from cheaper Chinese firms and several cutbacks in subsidies by European governments.
The head of a House Energy and Commerce Committee subcommittee investigating the collapse of solar panel maker Solyndra said Friday that tapes showing company workers destroying inventory were "an outrage."
Disturbing revelations continue to emerge about how more than half a billion dollars of taxpayer dollars were shoveled into the Solyndra solar-panel boondoggle. It is becoming increasingly clear that the only "green" involved in this scandal is money.
President Obama is sticking by his policy of declaring the producers of trendy, impractical energy sources "winners," leaving taxpayers to be the losers. Take the case of the Keystone XL pipeline, which the administration is effectively shutting down in the wake of the scandal surrounding solar-panel maker Solyndra. Stubbornly clinging to environmental fashion over a practical boost to America's energy supply will further cloud America's economic horizon.
Showing a growing frustration with the Obama administration, congressional Republicans on Thursday authorized their second subpoena this week, this time demanding documents from the White House on contacts that President Obama's top aides might have had with failed solar-technology company Solyndra.
Solargate is just the tip of the iceberg. This cliche within a mixed metaphor reflects the madness of President Obama's obsession with "green jobs." It would be bad enough if this disaster were limited to possible criminality at Solyndra, the California-based solar-panel maker that Mr. Obama stimulated with loan guarantees despite repeated internal warnings. Solyndra's Aug. 31 bankruptcy transformed 1,100 green jobs into pink slips and marinated taxpayers in $527 million of red ink.