Economic Parables

The liberal media is upset. It is upset because they feel, and boy do they know how to feel, that the Solyndra coverage is out of proportion to its significance. From HuffPo to The Nation, coast to coast, they have offered a swathe of articles and editorials about the inequity of it all.

Their latest wheeze is to say what about Keystone? I don’t mean Kops, well, actually I do mean Kops.

What about the Keystone Kops behavior of government interference in business, all for ideological reasons? Funny that.

Federal money was used because the company didn’t have the money, which is just the kind of thing businesses are supposed to have. Funny that.

Solyndra received $535 million in federal loan guarantees. Then it went bankrupt and was raided by the FBI. Funny that.

Reporters covering the House investigation of the Solyndra debacle get called regularly by Democratic staff and environmentalists criticizing them for daring to file copy on the story. Funny that.

President Obama was warned that a 2010 visit to the company to promote its Green Prowess could backfire, but he went ahead anyhow. Funny that.

The worry amongst liberals is that all these negative stories about government assistance to solar power will drive away future investments and congressional pork for years to come. Funny that.

Reality is that Solyndra was bad business, and what it traded in was bad business because it was ideological not commercial.

Yet, the solar energy con business goes on. If anything is out of proportion it is the attention given to so-called green businesses. The solar business is now a $6 billion industry, up 300% from 2006, and so-called “green jobs” expanded by 6.8% in the past year, that is almost 10 times faster than the economy as a whole.How much of this is as toxic as Solyndra?

President Obama dismissedSolyndra as a "bad bet." Whatever name you give it, it ain’t so funny.