The Solyndra Scandal

Posted by:

Putting aside the fact that we the people have long debated the extent of government intervention in our free enterprise system, let’s begin with this, via Wikipedia: Free market capitalism consists of a free-price system where supply and demand are allowed to reach their point of equilibrium without intervention by the government.

Businesses succeed only when they can supply viable products to meet a demand, and demand simply cannot be fabricated or forced. So why am I talking about this here? First, this is personal. We recently borrowed great sums of money from our grandchildren to help jump start the economy and put people back to work. Secondly, the government has demonstrated a complete lack of competence in distributing these large sums of money. In doing so, in this instance, it makes our jobs as sustainable professionals much more difficult by casting a shadow on responsible environmental stewardship. And, unfortunately, this one does reek of politics and the corruption associated with politics.

Much has been written about the Solyndra Scandal. Here are a few links that are better read in their entirety, then form your own opinions:

From the Center for Public Integrity: Missed warning signs: A Solyndra timeline and Obama-backed solar firm collapse after big federal loan guarantee and Skipping safeguards, officials rushed benefit to a politically-connected energy company

From Breitbart: Why the Special Treatment: Is there a Solyndra/ObamaCare Connection? and Solyndra Scandal Hits Obama White House and 80% of ‘Green Energy’ Loans Went to Top Obama Donors

From ABC News: Feds Visit Homes of Solyndra CEO, Execs :

The company goes belly up. The government sues. Anybody see anything wrong with that?

“Payola” is a contraction of the words “pay” and “Victrola”, and entered the English language via the record business. However, “The cancer of payola cannot be pinned on rock and roll.” …. Billboard Magazine.

Be Sociable, Share!

Comments are closed.