The nation’s attention has suddenly been focused on Solyndra, the green energy company that has defaulted on $535 million in U.S. backed loans. It is but one more example of failed “stimulus” policy.
Texans ought to wonder whether our legislators are taking notice? Will they cease their abusive practice of appropriating Texans tax dollars to their favorite business de jour?
Our friends at the Daily Bell comment on the Solyndra mess thus:
Issa to launch probe of Obama actions on Solyndra, LightSquared … Rep. Darrell Issa (R-Calif.) said Tuesday that his committee plans to investigate government loan programs to private corporations in light of allegations of improper dealings between the White House and failed energy company Solyndra and wireless start-up LightSquared. “I want to see when the president and his cronies are picking winners and losers… it wasn’t because there were large contributions given to them,” the chairman of the Oversight and Government Reform Committee said Tuesday morning on C-SPAN. – The Hill
Dominant Social Theme: Corruption is a fact of life. Plus, Obama is an honest president. His enemies are just trying to take advantage …
Free-Market Analysis: Is it serious? Darrell Issa’s committee is now looking at whether it was improper for members of Congress or White House staff to select companies eligible for subsidized government loans when those companies could give campaign donations.
Here at DB we cannot be faulted over a slow response. The day the FBI raided Solyndra, back on September 9, we noted the raid in these electronic pages and asked “Is Solyndra the End of Obama?” We’re convinced that Obama is a creature of the Anglosphere power elite, and given his lamentable performance as US president, we wonder whether the powers-that-be have tired of him. The best way of getting rid of someone in high office is through scandal. Could Solyndra be a shot across the bow?
Obama was supposed to be the second coming of FDR, a young man with boundless energy and charisma. A cool cat who was “hot.” An analytical fellow who was also a man of the people. It didn’t hurt that he was black and was perceived overseas as having a Muslim heritage. This was doubtless intended to make him a great conciliator.
But Obama has muffed it. His endless vacations and golf outings have revealed a man who is either overwhelmed or uncaring. And his expensive jobs and health care legislation has done little or nothing to improve people’s health or employment prospects. The US is headed toward an ever steeper recession (depression, really) and nothing Obama has tried has in any way alleviated the economy’s evident difficulties.
Thus when we heard that Solyndra had gone bust owing the federal government some US$535 million in federal loans under a green energy program of President Obama’s, we figured the “tea leaves” might be aligning in ways that were not favorable to America’s hippest prez.
Barack Obama, we wrote, “has been a great disappointment to the elite central banking families that want to run the world … Have those with the real power in America decided that Obama’s days are numbered? … Is someone trying to send a message?”
We concluded the case “bears watching.” And it does. And this sort of government behavior bears watching right here in Texas as well.
