September 9, 2011

SOLARGATE UPDATE: Obama Officials Sat In On Solyndra Meetings. “Officials from the Department of Energy have for months been sitting in on board meetings as ‘observers’ at Solyndra, getting an up-close view as the solar energy company careened towards bankruptcy after spending more than $500 million in federal loan money.” Probably felt just like being back at the federal government, which is careening toward bankruptcy after spending more than $15 trillion in loan money . . .

Related: “Political connections can come back to bite you, when the politicians you were connected to need to gnaw through that connection and run like hell.”

UPDATE: Reader Tracy Cobbs emails:

Once again, real life mirrors Atlas Shrugged. Here’s a paragraph from Part 2, Chapter V, “Account Overdrawn”, describing a meeting of the Taggart Transcontinental Board of Directors:

“A man from Washington sat at the table among them. Nobody knew his exact job or title, but it was not necessary: they knew that he was the man from Washington. His name was Mr. Weatherby, he had graying temples, a long, narrow face and a mouth that looked as if he had to stretch his facial muscles in order to keep it closed; this gave a suggestion of primness to a face that displayed nothing else. The Directors did not know whether he was present as the guest, the adviser or the ruler of the Board; they preferred not to find out.”

Message to the Obama Administration: Atlas Shrugged was meant as a cautionary tale, not a freaking how-to manual.

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