17 Oct '11, 6pm

My new post: Even the MSM realizes Solyndra is a fake scandal

Barack Obama's presidency has been notably free of scandal, but Republicans think they've finally found one in last month's bankruptcy of the California solar company Solyndra, which received a $535 million loan from the Energy Department under a federal stimulus program meant to speed the development of clean-energy technology. In fact, Solyndra is no scandal -- nobody has uncovered any wrongdoing ... In the business world, that's no big deal. It's assumed some companies will fail, but that enough will prosper to merit the broader portfolio of investments. But in politics, it's a very big deal -- no one considers the broader context and failure is automatically assumed to be the result of incompetence or malfeasance. That's especially true, and especially damaging, when the opposition party can launch hearings and investigations, as House Republicans are doing now. So far...

Full article: http://www.grist.org/politics/2011-10-17-msm-on-solyndra-...

Tweets

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grist.org 10 Oct '11, 9pm

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