Solar Scandal

Speaking of Solyandra, Megan McArdle's piece on why this is a problem is a must-read. A key excerpt...

The problem with Solyndra is not George Kaiser. It's the whole concept behind a program that is supposed to enable politically favored technologies, using loan guarantees that look cheap when they're issued, and end up costing us half a billion dollars because we rushed the due diligence to make sure top officials got a good photo op. As I wrote the other day, "When banks engage in this sort of behavior, we call it a bubble, and try to figure out how to fix things so they won't do it again. When government agencies do this, we call it a weekday."

Your tax dollars at work!

I'll Take The Latest Obama Scandal for $500, Alex

It used to be that people claimed that despite the incompetence, at least we didn't have any major scandals plaguing this Administration. Of course, that was... well, a couple weeks ago. The Solyandra scandal is officially getting bad when it becomes a punchline for Jon Stewart...

The Daily Show With Jon Stewart	Mon - Thurs 11p / 10c
That Custom-Tailored Obama Scandal You Ordered Is Finally Here
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Stewart's already done Gunwalker.  Wonder when he gets around to this one?