Sure this was a bad investment from the git go and it reeks of crony capitalism, but neither of these were invented by this Administration. For me, the biggest problem here is any government trying to act as a Venture Capital Firm. Venture Capitalists are investing their own money, the Government is using yours. Venture Capitalists have but one goal which is to turn a profit. The Government especially in this case places a higher priority on their Political Ideologies and Re-election. The current Administration has held up "Green Energy" as one of their highest priorities.
Our country is in 3+ Wars, has record Unemployment, had our debt rating downgraded, hasn't had a budget in 850+ days and were seeing the National Debt projections skyrocket. You would hope that Tinkering with start up firms would be off their radar, but no there is an election next year and their looking for something that they can call success. Now all they have is a scandal.
http://blog.heritage.org/2011/09/30/morning-bell-the-solyndra-legacies/?utm_source=Newsletter&utm_medium=Email&utm_campaign=Morning%2BBell
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