Four Lessons the Government Didn’t Learn After Solyndra Scandal

The problem is not just in the apparent abuse of taxpayer dollars, but more broadly that the government has continued to play venture capitalist

Katie Tubb, --March 9, 2016

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The lessons of Solyndra have clearly not been learned. The Department of Energy’s loan programs have been fraught with failures and corporate welfare, which have cost taxpayers millions.
The need for oversight of the programs became particularly apparent last August, when the Department of Energy’s inspector general released a long awaited report on the infamous Solyndra loan guarantee just days after President Barack Obama promised $1 billion in loans under the same program. The problem is not just in the apparent abuse of taxpayer dollars, but more broadly that the government has continued to play venture capitalist and prop up failing companies. More...

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