From the New York Times:
A Silicon Valley maker of solar power arrays that was started with high hopes and $527 million in loans from the federal government said on Wednesday that it would cease operations. The failure of the company — and the loss to taxpayers — is likely to renew the debate in Washington about the wisdom of clean energy subsidies and loan guarantees.
The president visited the company in May 2010, praising it “for its advanced technology”.
In order to avoid wasting taxpayers’ money (and that of their descendants born and unborn), perhaps the government shouldn’t offer loans to private companies.
George Washington and Benjamin Franklin (to name but a few) might not like the idea of the government showing favoritism to particular industries.
UPDATE: Here’s another piece on Solyndra’s bankruptcy.
UP-UPDATE: Haven’t the president and vice president spoken at other companies, touting their successful records and social contributions, only to see those enterprises go under? Seems I recall reading about that . . . .