QUOTES OF THE DAY:

The Great Recession conveniently allowed the president to start the spendathon under the guise of economic stimulus. (‘You never want a serious crisis to go to waste. And what I mean by that is an opportunity to do things you think you could not do before.’ – White House Chief of Staff Rahm Emanuel, 2009). As it turns out, the $38.6 billion loan program for clean energy firms that Solyndra benefited from has created just 3,545 permanent new jobs after parceling out half its dough. That works out to around $5 million a job…

That’s not how the private sector makes investment decision. But it’s routine for government where the stakeholders are politicians, bureaucrats, lobbyists and favored constituencies. The takers, not the makers. That’s whose side Obamanomics is on.

Read it all.