The Lights Are Going Out All Across California

Debra Saunders watched the Solyndra debacle from up close:

Rube that I am, I didn’t understand what Obamaland was thinking. Solyndra had not turned a profit since it was founded in 2005. The plant in which Obama stood was bankrolled with a $535 million federal loan guarantee. Two months before, PricewaterhouseCoopers questioned Solyndra’s “ability to continue as a going concern.”

If the president wants to send a positive message on the U.S. economy, I wondered, then couldn’t his people have found a California company that doesn’t rely on a federal loan and actually makes money?

Bad advance work, I figured.

A month later, Solyndra canceled a planned $300 million public offering. In November, Solyndra closed its older plant and cut its workforce. Today Solyndra’s lights are out.

Now I am wondering: Isn’t there some graybeard in the White House who — knowing that the president won’t look good if the tax-funded solar plant folds — does some digging to make sure the president’s choice of venue will not come back to haunt him?

Or could it be that Team Obama is composed of like-minded green true believers who insulate themselves from other points of view — much like the way, critics contended, George W. Bush was surrounded with yes men?


Crony capitalism, kids. George Kaiser was an Obama fundraiser in 2008 — and a Solyndra investor, too. No doubt he got his out of the deal. We’ll have to wait for the next election before we’re made whole again.


Trending on PJ Media Videos

Join the conversation as a VIP Member