Dick Morris reports on how the Solyndra scandal goes pretty much to the top, but here’s what we think is the ultimate point: Governement subsidies in the “green jobs” are morally and economically indefensible. Here’s Dick:
The Solyndra scandal is a gift that keeps on giving. It shows that not only was Obama’s stimulus package and baloney about green jobs a fraud but that it was also good old Chicago politics at work.
And the entire concept of the loan program is bogus. How can you make an energy company that is not viable work by lending it money? If the program can generate energy at competitive prices, why would it need federal aid? And, if it can’t, how would it ever be able to repay the federal loan?