Posted on 09/24/2011 10:10:17 AM PDT by moneyrunner
Conservatives, Libertarians and even Republicans should use the stunning example to the bankruptcy of Solyndra to reach the obvious conclusion. Whether the Obama administration is corrupt, incompetent or simply the victim of ideological stupidity is almost beside the point. Of course it's all three.
The larger point is one that Conservatives and Libertarians have been making for some time: that government screws up and the bigger the government the bigger the screw-ups. Only government intervention could have produced the housing bubble, and the economic rubble that we are living with was created by government policies. Only government can run up fifteen trillion dollar deficits. Only government can create Ponzi schemes like Social Security and not go to jail. Only government can create programs like Medicare and Medicaid that can literally bankrupt the biggest, richest country in the history of the world. At the local level only government can promise its employees’ pension benefits that are impossible to pay.
(Excerpt) Read more at moneyrunner.blogspot.com ...
will this money ever be paid back to taxpayers and the thugs tried and put in jail?
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Nope and nope. The money is gone, and the perps are from a politically protected class of "green" activists who were trying to "save the planet."
Sending money to Washington has become like sending aid to the starving people of Africa. It only ends up in corrupt men’s bank accounts.
I like this article. It’s very brief and to the point.
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