Solyndra, General Motors and Wall Street: Obama Crony Socialism on Parade

There has been news aplenty about the Solyndra solar power company.

Which President Obama hailed as such after the government-backed checks had cleared.

Which turned out to be totally untrue, and Solyndra’s solar folly an abject failure.  In fact, a bankrupt one.

Which anyone who knows anything at all about “green” energy knew would be the result long before it was even a glint in Obama’s Crony Socialist eye.

(This is Crony Socialism.  It has very little to do with – and is even less successful than – Crony Capitalism.)

And as it turns out, the those-in-the-know included the Obama Administration.  Who were repeatedly warned that the company was in hay-yuge trouble before the first check was cut, but pushed through the loan guarantees anyway.


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