May Be $6.5 Billion More Lost

The controversial government loan to now-bankrupt Solyndra wasn't an isolated incident. CBS This Morning reporter Sharyl Attkisson explained, "We identified 11 green energy companies beside Solyndra that, together, got billions of tax dollars then declared bankruptcy or are suffering other serious financial issues."

A CBS graphic blared, "The New Solyndra's." Co-host Charlie Rose touted this scoop as one "you'll only see on" CBS." It will be interesting to see if ABC and NBC follow up on the investigation's findings that there is "a pattern of the government pouring your tax dollars into clean energy." Attkisson exposed a $43 million loan to a "dismal" green energy company and another linked to Harry Reid.

Most surprising, perhaps, is how bad off the government knew some of the investments were before committing all that money. Take Beacon Power, a green energy storage company. We were surprised to learn what the Energy Department knew before committing $43 million of your money. Documents obtained by CBS News show Standard & Poor's had confidentially given the project a dismal outlook of triple C-plus. Would you put your personal money into an investment that's triple C-plus?

Attkisson implicated Reid in the developing story: "Nevada Geo-Thermal, a home state project personally endorsed by Senate Majority Leader Harry Reid, warns of potential defaults in new S.E.C. filings reviewed by CBS News." She added, "It was already having trouble paying the bills when it received $98.5 million in Energy Department loan guarantees."

Barack Obama has chosen green energy because it fits in line with his vision of one day bankrupting the coal industry, as he warned us about in 2008. Instead, he will use the government to invest in industries that he has deemed worthy, defying any market trends or consumer demands (or lack thereof).

Comment here and email us at YourVoice@speaknowconservatives.org.

Moms, Dads, Grandparents need a place to vent about the direction our government is taking? Go to MomsAndDadsBeHeard and speak out. Be part of bringing our Great country back.