The investigation into the DOE solar energy loans just keeps getting more interesting. First we learn that Solyndra wasted our money on Disney-singing robots and spa showers at their factory whilst going bankrupt. And with the latest loan guarantee announced today to another solar company, the government is spending $737 million for a green job creation of 45 permanent jobs – which comes to about $24 million per job.
Argument for limited government number one – inefficiency. Harvard professors don’t seem to understand that spending 24 million dollars to create one job isn’t good math. And that when you just give cash to a business there is no incentive to wisely manage their bottom line.
But now it looks like these favored loans just happen to be going to Democrat fundraisers and family. I’m sure that’s just a coincidence. Nancy Pelosi’s brother-in-law making money by screwing the American taxpayer is purely a random event.
Argument for limited government number 2 – the less amount of pies the government sticks its fingers into, the less opportunity for graft and corruption.
If you aren’t entirely burned out reading of green industry corruption, you can read more about it here.