A return on investments is always anticipated when money is put into some type of account. The lender also expects it when a loan is made.
Not very much can be the return when grants are handed out, particularly when so much is taken for granted and no fine print covers the unknowns.
A review of money handling operations out of Washington reveals, as Secretary of Energy Steve Chu told a Congressional committee recently, “Not very much” is expected in return from the bankrupt Solyndra Energy company.
Solyndra was blessed by the Department of Energy with a $535 million loan, supported by President Obama. Done in spite of warnings from other federal agencies such as the Department of Treasury, Office of Management and Budget.
Those words of wisdom fell on deaf ears; ears attuned more to re-election than good business and investment practices.
Apparently the fumbling, mumbling gurus of federal agencies and the administration have cursed the taxpaying public to the tune of $545 million.
Just a drop in the financial bucket of the national debit of $15 trillion, it seems to be nothing for many leaders in Washington. A few million here, a few billion there and it soon adds up to big money, and a bottomless hole.
Isn’t it amazing what money can do to peoples’ thought processes and goal setting mentality?
As the financial mess of this nation grows deeper, another amazing thing is how easily those at the top shrug off responsibilities onto the shoulders of their underlings.
No matter the outcome of these maneuvers, the buck stops at the desk of the top dog; in this case it must be the White House Oval office.
Obama’s fingerprints are on this mess; he can’t deny it considering emails and testimony.
Where are Solyndra’s assets? Hidden?
Is legal action next?