Problem: Venture capitalists gambled with money from willing investors, not taxpayers. And when Solyndra was in desperate need of cash, the administration agreed to a deal that, in the event of default, put the private investors ahead of taxpayers for a $75 million loan.
--Excuse No. 4: Blame China, which heavily subsidizes the solar industry.
Problem: Do Democrats think that Americans want to compete with China and bankroll more Solyndras?
--Excuse No. 5: Claim the administration embraced Solyndra for science. Rep. Henry Waxman, D-Calif., railed at Friday's hearing, "We need to face reality and stop denying science."
Problem: Democrats can't escape the math.
Email Debra J. Saunders at email@example.com. To find out more about Debra J. Saunders and read features by other Creators Syndicate writers and cartoonists, visit the Creators Syndicate Web page at www.creators.com.
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