Think Freely Media presents Common Sense with Paul Jacob

A business filed for bankruptcy last week.

These have been tough times, so that’s not a shock. What makes the story juicy is that the FBI raided the company’s headquarters two days later.

The company? Solyndra, a solar panel manufacturer. A few months earlier, it had been boasting a profitable return on investment. And, as President Obama had proclaimed the previous year in a visit to the California outfit, Solyndra was precisely the kind of company that deserved federal government assistance. It was so cutting edge, so innovative, that it deserved a huge loan guarantee, to the tune of $535 million.

The raid occurred on the same day as the president’s “jobs” speech last week. Yet, Mr. Obama neglected to include an update on his administration’s previously self-praised policy of industrial subsidy pertaining to that very company.

Republicans are making much of this. They are themselves not immune to (indeed, during the Bush years they excelled at) just this sort of corruption.

And it is corruption. The Solyndra deal went down after major investors in the company gave millions in support of the Obama presidential campaign. It was fast-tracked as part of the federal government’s Keynesian “stimulus” spending.

This is how the politics of modern mercantilism — of systematic “business-government partnerships” — works. The moneymen support the politicians who support the moneymen.

It’s one way to get rich.

And gain (and maintain) power.

But it’s not good for the country.

This is Common Sense. I’m Paul Jacob.

By: Redactor

22 Comments

  1. Gerald Vaughan says:

    Amen, I thank you for saying this as it is all too common anymore. There are checks and balances but they are weak anymore, just as in our government enforcement of laws.

  2. Shelley says:

    Do you have the proof of this. I am a stickler for the facts and only the facts especially when statements like this are made.
    Thanks

    “They are themselves not immune to (indeed, during the Bush years they excelled at) just this sort of corruption.”

  3. Drik says:

    And the strangest thing is not that the government totally wastes a half a billion dollars. Rather it is that they government loan was set up so that the investors in Solyndra would be paid back first, rather than the taxpayers.

    One of the biggest investors in Solyndra, George B. Kaiser of Tulsa, had also ivested $53,500 as a political donation to Presbo, and bundled large additional amounts towards Obama’s 2008 election. Mr. Kaiser is one of the wealthiest people in the world. Mr. Kaiser visited the White House 16 times between 2009 and 2011.

    Probably didn’t even mention that he had invested heavily in this company that was going under.

    Those legal limits and rules things are for the little people.

  4. Rebel66 says:

    My, my, my. Attorney General Holder – head of The Department of Payback – is outraged because the Solyndra bankruptcy will make The Obammunist look inept. Clue for the AG – don’t even bother; this PALES in comparison to the union bailouts in the “Stimulus” package.

  5. I think all of us know the Monster beats pro, it is very good with high performance, and the best quality.

  6. This is a great post. It’s Very informative and well writing.

  7. Thanks for sharing information about pedicure cleaning and the meeting. Your blog has always been a source of great beauty tips.

  8. Good writing. Keep up the good work. I just added your RSS feed my Google News Reader..

  9. I would just like to say to all my fellow Entrepreneurs…just remember that persistence is the key to success.

  10. Very long to read the article…but I Enjoyed it a lot…thanks for the post…keep on sharing such interesting

  11. Hi! Thanks for the great information you have provided! You have touched on crucial points!

  12. I really enjoyed it. I put a link to my site to here so other people can read it.

  13. This is a great post ! it was very informative. I look forward in reading more of your work.

  14. Very nice post. I really enjoy the article. I come here from the Google while searching for some good article. Thanks

  15. I’m late to find this post but wow, this should be great. May not get any better…

  16. I think most people would do the same when they are headed with the situation.

  17. Hey very nice blog!! Man .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds also…

  18. I am interested very much in the subject matter of your blog, it’s my first visit.

  19. Hey very nice blog!! Man .. Beautiful .. Amazing .. I will bookmark your blog and take the feeds also…

  20. I found your blog when I was looking for a different sort of information but I was very happy and glad to read through your blog. The information available here is great.

  21. Hallo, bin ich froh, den ganzen Inhalt dieses Blogs gelesen und bin sehr aufgeregt und glücklich, zu sagen, dass der Webmaster hat einen sehr guten Job hier, um alle Informationen, Inhalte und Informationen an einer Stelle gesetzt haben.

Leave a Reply to corporate gift Cancel reply

Your email address will not be published. Required fields are marked *

© 2017 Common Sense with Paul Jacob, All Rights Reserved. Back to top