Solyndra is the latest in the long list of "green energy" companies that have failed after being artificially propped up by the Obama administration. The solar panel manufacturer that received more than $500 million in federal "stimulus" loans declared bankruptcy a couple weeks ago. The highly publicized scandal further confirms that the Obama's "stimulus" and "green energy" agenda are boondoggles that reward his cronies at the expense of taxpayers.
The Solyndra scandal is a prime example of political favoritism. Obama singled out the solar panel manufacturer for merely self-interested reasons. The $535 million loan to Solyndra in the "stimulus" law appears to be nothing more than a political kickback. As the Examiner's Timothy Carney writes, "this company's short life was dependent on government connections."
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