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Latest Solyndra Items
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.
The House immigration subcommittee issued a subpoena Friday demanding Homeland Security Secretary Janet Napolitano turn over records showing which illegal immigrants her department has declined to pursue deportation cases against.
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.
Signaling growing unrest with the Obama administration's level of cooperation, House Republicans on an immigration subcommittee voted Wednesday to authorize a subpoena to get data on illegal immigrants against whom the government has declined to pursue deportation cases.
House Republicans are moving to subpoena a list of all immigrants whom the Obama administration has flagged under its secure communities program but failed to arrest for deportation, after the Homeland Security Department missed a congressionally imposed deadline to produce the information this week.
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.
President Obama said Monday he doesn't regret promoting tSolyndra as a model before the company went bankrupt.
A Justice Department office wants an independent trustee to oversee Solyndra in bankruptcy.
The O Force has been running up America's credit card by doling out cash to energy firms claiming to be green. Bosses at solar panel manufacturer Solyndra are busy taking the Fifth, and Obama administration officials are pleading ignorance over how an unsustainable enterprise was able to bag $535 million in taxpayer loot. In the coming days, Congress is likely to get to the bottom of exactly who knew what and when. There's more to come with this scandal, but for now, one conclusion is clear already: You can't outsmart the market.