I was pondering how it was possible that the Obama Administration could have loaned half a billion dollars to Solyndra when that company had already been determined not to be a good credit risk by the Bush folks. I was also wondering how it could be that Obama is rushing to get out about ten billion dollars in green job loans by the end of the month even though the funds for those loans had been set aside in the original stimulus bill in early 2009. Indeed, it seems that the Obamacrats simply could not find proper recipients for the loans until now and they are rushing around to get the money out there by the deadline which is the end of this month. Suddenly, it finally hit me why all this was happening. It is just the combination of two ideas that come straight from the playbook of the Democrats. Obviously, the first idea is investing in "green jobs". Just because every program to develop green jobs has failed so far is no reason why the Democrats would abandon their belief in the program.
The second Democrat idea is the "subprime" loan. Democrats like Barney Frank pushed banks and Fannie and Freddie to make those loans (which, of course, ultimately led to the financial crisis.)
Solyndra and the new crop of questionable and rushed loans to uncrediworthy and unlikely-to-succeed entities are the newest Democrat program: "Subprime Green Loans".
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