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We’ve seen Solyndra, Inc. in the news. The
company was to produce green energy, and received hundreds of billions
of dollars in US government funds. Then they failed and went
under. They are not the first green “producer” to receive federal
loans and then fail. And then disappear, with money going who
knows where. This reminds me of the movie, later play, “The
Producers”.
Max Bialystok, play producer,
conned little old ladies of their money. In fact, they were
“oversubscribed”. He then produced a lemon which closed the first
night. Bialystok kept the remaining money, and no investor asked
for her share.
The problem came when a bright
accountant looked at the books, understood the scheme, and suggested
doing the absolutely worst play ever. “Springtime For Hitler” was
impossible to make a success, and the oversubscribed donors were sure
never to see their money back. Unfortunately for the producers,
it became an immediate smash hit, leading to discovery of the scam, and
the next play they produced was in prison.
Someone has looked carefully at “The Producers” and come up with
the perfect scam. They know the technology they are doling out
funds for has absolutely no chance of success (and they know it).
“Springtime for Hitler” will never bight them in the butt.
Rodger, this is one of the many ways the Democrats have developed to
loot the treasury.
Skoonj
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