Some interesting notes from yesterday’s hearings:
Rep. Brian Bilbray (R., Calif.) had perhaps the most compelling questions for the witnesses (even though they ducked and dodged them all). For instance, why on earth did the administration approve a $535 million loan guarantee for to fund the construction of a new manufacturing facility in California — a state with significant financial problems, 12 percent unemployment, an abundant supply of empty warehouses (a result of businesses “fleeing” the state, Bilbray said), and some of the strictest regulations and permitting requirements in the country?
This was just “absurd,” he said, and raises questions about the competence of the agencies who ultimately approved the loan. Bilbray outlined the litany of permits and regulations a new facility in California would have to comply with, especially since the building site was located on “virgin farm land” and fell within a “non-attainment” zone as classified by the EPA. Because the resulting costs would be quite high, why build a whole new facility, as opposed to renting or retrofitting an existing facility? Or open a new plant in another state? Bilbray asked. Fair questions, but neither witness claimed to know anything about that aspect of the loan decision.
The country’s in the very best of hands.
“Fast and Furious” is this administration’s Watergate, except it’s much worse. Solyndra is this administration’s Enron, except it’s much worse. But they won’t be treated that way by most of the press.
[Update a few minutes later]
Actually, I should give props to ABC, who has been covering Solyndra pretty aggressively. They are reporting that Treasury is opening up an investigation. I wonder how sincere it will be? I would think that Geithner would like to avoid being the fall guy here.
[Update early afternoon]
Maybe Chu will be the fall guy. I wouldn’t miss him. Of course, there’s almost no one in this administration that I would miss, unless I thought they’d be replaced by someone worse. But I think it’s going to be a lot harder for the president to get his leftist nominees through now than it was in early 2009.
[Late afternoon update]
“Questions will be asked.”
What fools these people are.
. I’ve tried to cut back on grains in general, having been pretty thoroughly paleo for the past few months, though I like corn too much to cut it out completely. But I hadn’t realized that modern wheat is even worse for us than the ancient stuff, and that gave the Egyptians diabetes, to judge from the mummies.