Leadership: The administration is bent on finalizing as many as 15 loan guarantees for green energy ventures before the stimulus deadline. How detached from reality can this White House be? (IBD)
Scandal: Two top executives of the bankrupt solar panel firm will refuse to answer questions about possible fraud and the waste of taxpayer dollars. Unlike oil execs, they and the administration have much to hide.
There’s a delicious irony in the news that Solyndra’s two top executives, Chief Executive Brian Harrison and Chief Financial Officer W.G. “Bill” Stover, plan to invoke their Fifth Amendment rights and refuse to answer questions when they testify Friday before a House Energy and Commerce Committee panel investigating their failed company, which got more than $500 million in federally backed loans.
It was only a few months ago when the executives of Exxon Mobil, Shell, ConocoPhillips, BP America and Chevron were summoned to appear before the Senate Finance Committee for what Sen. Orrin Hatch labeled a dog-and-pony show to defend their allegedly ill-gotten profits and tax breaks.
It didn’t matter that they paid more than their share of taxes, ranking above most industries, or reinvested their profits to create a useful and reliable source of energy that created American jobs. They didn’t need protection against self-incrimination, for they’d broken no laws and squandered no taxpayer cash. They were just the black hats du jour for the greenies and progressive left. (IBD)