Video: The Story of Solyndra and the Obama Administration

Posted: Sep 23, 2011 2:31 PM

With all of the dirty linen the White House is suddenly washing in public, I find it a bit wearing trying to keep track of the condemnable details surrounding the Obama administration's latest scandals. Much of them, however, can be boiled down to one running pattern, so thanks to the Institute for Energy Research for this nifty vid breaking down the Solyndra debacle:

As Tina Korbe over at HotAir succinctly summarizes, this video breaks down the need-to-know basics:

1. The administration fast-tracked a $535 million loan to Solyndra.

2. Major Solyndra investors were often also major Obama donors.

3. Solyndra declared bankruptcy, despite apparently making it appear to the administration as recently as July that the company’s finances were fine.

One of the most fundamental problems with big government is that it begets crony capitalism. When you provide opportunities for people to rent-seek, people will rent-seek. Depressing, but there it is.

To help you cope with that depression, watch this propitious vid from Accuracy in Media (I realize Katie posted this several days ago, but just in case you missed it, here's your Friday Fun - enjoy!).