Photo-Ops - Investing: Why Taxpayers Got Killed on Solyndra

Obama "Touring" Solyndra

Townhall - by Eleanor Vaughan - A savvy private investment firm would certainly never rush the approval of a half-billion dollar loan in order to take advantage of a photo opportunity. Private investment insures accountability: invest in a business that suddenly goes belly-up and you lose your investment. When its your own money on the line, you do your homework to make sure you won’t lose your shirt. The private investor wants to make a profit and therefore looks for projects with good prospects of success. Taxpayers should keep this in mind the next time the President or another politician talks about making “investments” with taxpayer money. Do you really think that government is going to take the same care investing your money as you would? When it comes to energy policy, the United States desperately needs clean, reliable, domestic energy sources. From this source will flow new jobs, new wealth, reduced environmental impact, and independence from Middle East oil states. But incompetent investment by politically-motivated bureaucrats is not the way to achieve this goal. If America is to have a hope of green energy and jobs, it will be through private investment in promising companies and technologies – not through government officials playing high stakes roulette with other people’s money. Read full column here: News New Mexico

Photo-Ops - Investing: Why Taxpayers Got Killed on Solyndra