This is almost too good. Failed solar industry company Solyndra, which received more than a half billion dollars of questionable federal loan guarantees from the Obama administration, is back at the federal money trough.
This time, the money would be consumed to retrain for new jobs the hundreds of Solyndra workers who never would have had their now-vanished “green jobs” without government money in the first place.
Attorney and writer Scott Lincicome has beautifully summarized the situation:
So to recap: massive government subsidies created 1,100 ‘green jobs’ that never would’ve existed but for those massive government subsidies. And when those fake jobs disappeared because the subsidized employer-company inevitably couldn’t compete in the market, the dislocated workers blamed China (instead of what’s easily one of the worst business plans ever drafted) in order to receive… wait for it… more government subsidies.
Behold, the Circle of Government Life.