People who say it cannot be done should not interrupt those who are doing it. Welcome to From On High.

Thursday, September 01, 2011

Liberal Worlds Collide

Crony Capitalism. Where success in business is dependent upon how tight the relationship is between select business people and government officials. That's as close as Barack Obama is going to get to an understanding of what the free market system in America is all about. He takes money from the less fortunate and gives it to those with whom he has a ... close relationship. And thinks of it as being - somehow - free enterprise.

Then there's the "green jobs" initiative that his kind like to orgasm over. Want the government's green? Go green.

Which brings us to Solyndra. Where both these worlds - crony capitalism and "green" madness - collide.

And where America's taxpayers are out half a billion dollars as a result.

Obama: Oh, well. We tried. Next!  How 'bout you, Guido, mi amigo, ya want some of this action?

The story behind the story:
Republicans: Solyndra investment 'dubious' from the start
By Darren Goode, Politico

House Republicans vow to continue their probe of the Energy Department’s $535 million loan guarantee to Solyndra, saying the solar equipment manufacturer’s announcement Wednesday that it will file for bankruptcy underscores that the federal aid was a “dubious” investment.

“We smelled a rat from the onset,” said a joint statement from House Energy and Commerce Committee Chairman Fred Upton (R-Mich.) and the panel’s oversight subcommittee chairman, Cliff Stearns (R-Fla.).

DOE initially made the loan guarantee in 2009, shortly before the company closed one of its factories and laid off workers. Solyndra executives have more recently insisted the company was healthy, but on Wednesday it announced that it has suspended manufacturing, is laying off 1,100 workers and will file for Chapter 11 bankruptcy protection.

Besides questioning whether the company was a poor risk, critics have seized on news reports that one of Solyndra's prime financial backers was an Obama campaign bundler in 2008. [link]
The American taxpayer - when this sad saga plays out - may very well be out half a billion dollars.  Any bets on how much Obama's friend and political financier has lost?

This story is indicative of everything that is wrong with Obama and his mindset.  Like the alchemists of old who thought they could turn lead into gold, modern day alchemists think they can turn solar energy into a practical, viable energy source.  It ain't gonna happen.

Couple that with the fact that Obama has trillions of other people's money he's prepared to fling into the gutter - and has lots of friends prepared to be there and suck it up - and you end up with ... Solyndra.

Meanwhile, business - real business - in this country is suffering and dying.  See weblog entries below for sad examples.

It wasn't supposed to be like this.

It can't be like this.

Things have to change or we're doomed.