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 firstname.lastname@example.org. 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.
COPYRIGHT 2011 CREATORS.COM
Minnesota Mulls Obamacare Deadline Postponement: "Zero Policy Cards Have Been Issued" | Cortney O'Brien