Home
In this issue
April 9, 2014

Jonathan Tobin: Why Did Kerry Lie About Israeli Blame?

Samuel G. Freedman: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Jessica Ivins: A resolution 70 years later for a father's unsettling legacy of ashes from Dachau

Kim Giles: Asking for help is not weakness

Kathy Kristof and Barbara Hoch Marcus: 7 Great Growth Israeli Stocks

Matthew Mientka: How Beans, Peas, And Chickpeas Cleanse Bad Cholesterol and Lowers Risk of Heart Disease

Sabrina Bachai: 5 At-Home Treatments For Headaches

The Kosher Gourmet by Daniel Neman Have yourself a matzo ball: The secrets bubby never told you and recipes she could have never imagined

April 8, 2014

Lori Nawyn: At Your Wit's End and Back: Finding Peace

Susan B. Garland and Rachel L. Sheedy: Strategies Married Couples Can Use to Boost Benefits

David Muhlbaum: Smart Tax Deductions Non-Itemizers Can Claim

Jill Weisenberger, M.S., R.D.N., C.D.E : Before You Lose Your Mental Edge

Dana Dovey: Coffee Drinkers Rejoice! Your Cup Of Joe Can Prevent Death From Liver Disease

Chris Weller: Electric 'Thinking Cap' Puts Your Brain Power Into High Gear

The Kosher Gourmet by Marlene Parrish A gift of hazelnuts keeps giving --- for a variety of nutty recipes: Entree, side, soup, dessert

April 4, 2014

Rabbi David Gutterman: The Word for Nothing Means Everything

Charles Krauthammer: Kerry's folly, Chapter 3

Amy Peterson: A life of love: How to build lasting relationships with your children

John Ericson: Older Women: Save Your Heart, Prevent Stroke Don't Drink Diet

John Ericson: Why 50 million Americans will still have spring allergies after taking meds

Cameron Huddleston: Best and Worst Buys of April 2014

Stacy Rapacon: Great Mutual Funds for Young Investors

Sarah Boesveld: Teacher keeps promise to mail thousands of former students letters written by their past selves

The Kosher Gourmet by Sharon Thompson Anyone can make a salad, you say. But can they make a great salad? (SECRETS, TESTED TECHNIQUES + 4 RECIPES, INCLUDING DRESSINGS)

April 2, 2014

Paul Greenberg: Death and joy in the spring

Dan Barry: Should South Carolina Jews be forced to maintain this chimney built by Germans serving the Nazis?

Mayra Bitsko: Save me! An alien took over my child's personality

Frank Clayton: Get happy: 20 scientifically proven happiness activities

Susan Scutti: It's Genetic! Obesity and the 'Carb Breakdown' Gene

Lecia Bushak: Why Hand Sanitizer May Actually Harm Your Health

Stacy Rapacon: Great Funds You Can Own for $500 or Less

Cameron Huddleston: 7 Ways to Save on Home Decor

The Kosher Gourmet by Steve Petusevsky Exploring ingredients as edible-stuffed containers (TWO RECIPES + TIPS & TECHINQUES)

Jewish World Review June 4, 2012/ 17 Sivan, 5772

Romney Follows Obama's Footsteps to Solyndra

By Debra J. Saunders

Debra J. Saunders



http://www.JewishWorldReview.com | Mitt Romney came to stand on a weed-infested patch of dirt in front of the shuttered Solyndra plant in Fremont, Calif., Thursday. If you stood at the right angle, you could look past Romney's shoulder and see a big red "for sale" sign draped on the building, dubbed by Romney the "Taj Mahal of corporations."

Two years ago, President Barack Obama came to Solyndra under very different circumstances. The solar-power corporation was completing a second factory, which created about 3,000 temporary construction jobs and was expected to provide 1,000 permanent production jobs. Arnold Schwarzenegger, then the governor of California, was on the scene. The large crowd of hard hats and preening capitalists buzzed in the glow of presidential power.

"It's here that companies like Solyndra are leading the way toward a brighter and more prosperous future," said the president as he lauded such companies as "the true engine of economic growth." Robust words rolled off his tongue — "ingenuity," "dynamism," "entrepreneurial spirit."

If you go to the White House's website, the president's May 26, 2010, speech is billed as "remarks on the economy." For some reason, Obamaland had chosen to showcase how the administration was boosting economic recovery by staging an event at a corporation that never had turned a profit and was building the new plant with the help of a $528 million federal loan.

A month after Obama came to Fremont, Solyndra canceled its $300 million public offering. The day after the November 2010 election, Solyndra announced it would shutter one of its plants. On Aug. 31, 2011, Solyndra closed shop and laid off most of its workers.

Secretary of Energy Steven Chu quietly restructured the deal to put private investors who plunked an extra $75 million into Solyndra ahead of taxpayers in the event of a bankruptcy. Because a big Obama donor was also a Solyndra investor and Chu approved the loan despite a warning from the Office of Management and Budget, Romney used the Fremont photo op to decry "crony capitalism."

The half-billion-dollar Solyndra deal did more than burn through taxpayer funds, Romney argued; it also sent a bad signal to investors and entrepreneurs that "the best way to get ahead is not with the best ideas and the best technology and the best people and the best marketing but instead with the best lobbyists."

Presswise, Team Romney flubbed the Fremont event. The campaign refused to tell journalists where the stump stop would be beforehand. Why the secrecy? Romney tried to explain: "There are a number of people among the president's team who don't want that story to get out." Wrong. With California Highway Patrol securing the area, clearly the powers that be weren't interested in shutting down the Romney campaign stop.

But the press aides' gaffe couldn't upstage the optics of Romney in front of the shuttered plant. Two years ago, I watched as Obamaland crowed about the president's economic prowess. His supporters argued that they had the key to economic recovery — the transformative power of green jobs. Now Obama rarely mentions green jobs.

Obama should not have come to Solyndra. The administration was warned. Two months before the event, PricewaterhouseCoopers released an audit that questioned Solyndra's "ability to continue as a growing concern." Obama bundler Steve Westly sent an email to White House senior adviser Valerie Jarrett that warned that Solyndra was burning through money and might not survive long term.

Solyndra hadn't turned a profit since it was founded in 2005. Shortly after winning its first loan guarantee, Solyndra had applied for another loan guarantee — which the Department of Energy rightly did not approve. Nonetheless, Obama chose Solyndra to showcase his ability to create jobs.

Now the jobs are gone; the building is empty; and the assets are up for sale.

That's the problem with "crony capitalism," Romney concluded. "It's heads and his cronies win and tails and the taxpayers lose."

Every weekday JewishWorldReview.com publishes what many in the media and Washington consider "must-reading". Sign up for the daily JWR update. It's free. Just click here.

Comment JWR contributor Debra J. Saunders' column by clicking here.

Debra J. Saunders Archives

© 2012, Creators Syndicate

Columnists

Toons

Lifestyles