Counting the Democrat Bodies Involved in a Taxpayer-Guaranteed Loan

Amy Oliver
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By now it’s obvious that the Solyndra scandal never should have happened. It’s not even a case of Monday morning quarterbacking. A number of people involved could see the disaster coming.

There is a larger principle here. Government should not use taxpayer money to socialize risk while privatizing profits. Examples such as Colorado-based Abound Solar, which received a $400 million loan guarantee, prove that crony capitalism simply rewards the well connected at taxpayer expense.

Abound Solar

Abound Solar, according to its Web site, “produces next-generation thin-film cadmium telluride solar modulesâ€