Don't Trust the Dupes (or Worse) With More Dollars

Team Obama, which has self-confessed dupes dispensing billions of dollars from the public treasury, wants more taxpayer dollars to dispense for -- they say -- job creation (nee stimulus).

These are the folks who threw more than a half-billion dollars into Solyndra, the California solar power company that recently went bankrupt.

The "we were duped" claim is the current Team Obama defense. It initially tried to blame the investment on -- guess what -- yes, the Bush administration. But it turns out that the Bush team had decided against investing public money in Solyndra.

It is had to imagine how the Obama gang could have been duped because they put the money into the failing company despite warnings from the company's auditors and solar industry investment analysts that the business was not viable

No money should be entrusted for any purpose to any organization that has in decision-making positions individuals inept or naive enough to be duped in such circumstances. As nobody has been fired or otherwise held accountable for the transaction, those responsible for it still continue in positions of authority as  members of the Obama team.  Another possibility is that they have been promoted to ensure their silence. The precedent for such promotions was set with the officials who had guns put into the hands of Mexican drug gang members who then used the guns against American law enforcement officers.

This alone should be enough to require rejection of the President's clamorings for enactment of his multi-billion dollar job creation proposal.

But the situation may be even worse than the above indicates. 

One has to wonder why anyone would confess to having been duped, to publicly identify oneself as a fool . . . and the obvious answer is that the only other possible explanation for what was done is even worse and more damning -- not misfeasance but malfeasance, not negligent but criminal conduct.

As is set forth in earlier posts on this blog, the Solyndra transaction is replete with indications that the it was a political payoff with public funds. This would follow the pattern previously set by Team Obama in its administration of funds that what were appropriated to stimulate the nation's economy.

Whatever the truth and wherever it lies, Team Obama should not and cannot be entrusted with any funds that it can dispense at its discretion. And its expenditures of funds necessarily appropriated for specific purposed must be monitored very closely.