Standing across the street from Solyndra’s Fremont, CA headquarters today Mitt Romney articulated well just about everything that’s wrong with President Barack Obama’s Solyndra fiasco.
“This building, this half-a-billion-dollar taxpayer investment, represents a serious conflict of interest on the part of the president and his team. It’s also a symbol of how the president thinks about free enterprise. Free enterprise to the president means taking money from the taxpayers and giving it freely to his friends.”
CFIF readers are no strangers to the Obama administration’s crony capitalism vis-à-vis Solyndra.
The fast-track loan approvals that benefited a major 2008 campaign bundler, the renegotiated terms that leapfrogged private investors in front of taxpayers in the event of a default, and the unnecessary risk of $535 million in taxpayer money on an unproven solar technology that ultimately flamed out are permanent reminders of how this White House’s corrupt politics and bad policies result in debt-exploding outcomes.
Americans can’t afford another day of this fiscal irresponsibility; let alone another four years.