David Freddoso over at the Examiner has an excellent piece on the solar company Solyndra and it’s half-a-billion dollars in taxpayer guaranteed money. The opener:

In late May, when President Obama was in California for his fourth fundraiser for Sen. Barbara Boxer, D-Calif., he also made a point of dropping by Silicon Valley to praise his own stimulus package.
“It is here that companies like Solyndra are leading the way toward a brighter, more prosperous future,” Obama said of a solar energy company that had recently received taxpayer backing. Obama spoke of the company in glowing terms and used it as an example of how the stimulus package is creating jobs all over America.
But even if Solyndra is a good example of what the stimulus package can do, it might not be the kind of example Obama wants to publicize. Jim McTague of Barron’s noted over the weekend that, two months before Obama’s glowing speech, PricewaterhouseCoopers released a fear-filled note in its audit of the company, which has accumulated losses of $558 million in its five-year lifetime. The firm noted that Solyndra “has suffered recurring losses from operations, negative cash flows since inception and has a net stockholders’ deficit that, among other factors, raise substantial doubt about its ability to continue as a going concern.”
Obama seemed almost unaware of this when he spoke.

The rest here.