The lies, waste, fraud and incompetence involved in Obamacare have been getting a lot of ink and deservedly so. But while Americans watch the health hokum unfold they should not forget fallout from the federal stimulus. Consider, for example, the fortunes of Abound Solar. In 2010 Barack Obama praised the company as an excellent…
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“Solyndra’s power solutions offer strong return on investment and make great business sense.” That is a rather strange claim for the website of Solyndra Inc., accessed on August 29, 2012 no less. Some history is in order. Solyndra was the first renewable energy firm to get federal stimulus money and bagged $535 million in…
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In “For Obama’s green-car revolution, fits and starts” in the Washington Post, Carol Leonig and Joe Stephens report that the highly-touted, taxpayer subsidized, “green” car bonanza is failing, as production lines and sales expectations have been dramatically scaled back in recent months. In reality, this federal program is nothing but a corporate-welfare system for…
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