Nanny, Nanny, Boo-Boo, Team Red Did It Too: Solyndra Bankruptcy Update


President Obama inspecting his "investment"

How I hate the puerility of politics! As we all know, the government-subsidized solar cell manufacturer and Obama administration poster-child for "Green Jobs," Solyndra went bust last month, leaving taxpayers to pay $535 million in federal loan guarantees. Team Red cheerleaders quickly suggested hanky panky by pointing out that the investment fund Argonaut Ventures, run by billionaire George Kaiser who is a prominent campaign bundler for Obama, was a big investor in the failed solar plant. 

In a turn-about-is-fair-play mode, Team Blue flunkies are now crowing that the Bush administration also favored the Solyndra subsidies and that a private investment firm, Madrone Capital Partners, associated with the Walton (Walmart) family also lost money on the deal. The Waltons apparently contribute to Team Red candidates. 

Puhleeze! Bluesters and Redsters, y'all are missing the obvious and crucial main point: The federal government had no business subsidizing Solyndra (or any other firm) in the first place. Until you both understand that point, please be quiet.