Doubling Down On Solyndra

As the Energy Department's loan chief leaves a sinking ship, the president says that people thought bailing out a failing solar panel maker was a "good bet." Next time play with your money, not ours. 'Hindsight is always 20-20," President Obama told George Stephanopoulos of ABC News. "It went through the regular review process. And people felt like this was a good bet." The administration has noted that private-sector biggies like Richard Branson also thought Solyndra was a "good bet." Sorry, gentlemen, this is not Las Vegas, and taxpayer dollars are not venture capital. If the Bransons and Immelts want to place bets on technologies of the future, let them do so with their own money. And in a country that’s $14 trillion in debt with a chronic 9.1% unemployment rate, we expect to hear more from our president than "you can’t win ’em all." After the bad Solyndra "bet," the administration paused not a second to examine how it went bad or to reconsider a process demonstrably flawed and corrupted. Perhaps because as far as "green energy" projects go, the administration seems to have a gambling addiction...more