Krauthammer Solyndra: Lemon Socialism

I admit, I had to look this one up. Charles Krauthammer on with Fox News’ Bret Baier talked about the failed Solyndra (manufactured solar panels), which received $535 Million in taxpayer monies, and the Obama administration’s involvement, and declared it “lemon socialism.” The term is generally credited to Mark J. Green, Democrat and former president of Air America Radio.

Lemon Socialism

Lemon Socialism

“Lemon socialism” is a pejorative term for government support of private-sector companies whose imminent collapse is perceived to threaten broader economic stability. It is not a subcategory of socialism per se; rather, it points to a corruption of free-market capitalist systems, which would normally allow defective companies (“lemons”) to fail. The most common government interventions that earn the term involve infusions of government capital, as in bailouts, and may include some government control over company decision-making, as in nationalization. The Emergency Economic Stabilization Act of 2008 in the United States has been cited as an example of lemon socialism

Seems an apt description of what is happening in government today. The government loaned Solyndra millions, knowing they would fail. The Department of Energy sat on Solyndra’s board of directors. The Office of Management and Budget made it well-known that taxpayers dollars should not support Solyndra. Obama did it anyway. Read more on the Solyndra story here.

Charles Krauthammer: Lemon Socialism (video)

Thanks to Fox News

Posted by Maggie @ Maggie’s Notebook

  • I expect this kind of thing has been going on for decades, but now they’re more in you face with it. To share what I’ve learned, the biggest Marxists in the world are not college professors or idealists, they are Federal Reserve banksters. The money that is funding all of this madness is being used through foundations and public-private partnerships to form a World Socialists Government that the Elites will govern while us mundanes will be starved off. I might sound crazy, but I’ve investigated enough of the facts to know that I am right about it.

    This kind of corruption is not systemic in our government and just changing out presidents or elected officials won’t fix it. Widespread knowledge of brass tacks will, however.

    • republicanmother, I have no doubt you are right. What do you think about the stated goals of US Day of Rage. Do you think that is a cover? I’m working on another post on it, and see ties to Soros.

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  • To the best of my recollection, it was in 1953 that educator Frank Chodorov came up with the expression “Rotarian socialism” to characterize the corporate welfare practices of federal and state governments which tend to “privatize profit and socialize losses.”

    He expressed its battle cry as something like: “Three cheers for free enterprise, and keep those subsidies, set-asides, tariffs, quotas, sweetheart deals and price supports a-coming!

    The acknowledgement of this absolutely “bipartisan” perniciousness goes back at least that far, and got some more recent amplification in Professor Clyde Wilson’s online essay “The Republican Charade: Lincoln and His Party” (September 12, 2006) in which we read:

    Apparently millions continue to harbor the strange delusion that the Republican party is the party of free enterprise, and, at least since the New Deal, the party of conservatism. In fact, the party is and always has been the party of state capitalism. That, along with the powers and perks it provides its leaders, is the whole reason for its creation and continued existence. By state capitalism I mean a regime of highly concentrated private ownership, subsidized and protected by government. The Republican party has never, ever opposed any government interference in the free market or any government expenditure except those that might favour labour unions or threaten Big Business. Consider that for a long time it was the party of high tariffs — when high tariffs benefited Northern big capital and oppressed the South and most of the population. Now it is the party of so-called “free trade” — because that is the policy that benefits Northern big capital, whatever it might cost the rest of us. In succession, Republicans presented opposite policies idealistically as good for America, while carefully avoiding discussion of exactly who it was good for.

    The nominally “Democratic” Blue Faction – which ceased being genuinely democratic in 2010, when they enacted Obamacare in spite of vociferous enraged opposition from their own core constituencies – long ago succumbed to the same corruption, as our Kenyan Keynesian Fraudulence-in-Chief has proven throughout his criminal assumption of the public office to which he is entitled neither by birth nor by current citizenship.

    (He never did get naturalized as a U.S. citizen after having been adopted – under the name “Soebarkah” – by stepfather Lolo Soetoro to become a citizen of the Republic of Indonesia.)

    The Solyndra swindle is simply yet another of the long train of abuses and usurpations which our Mombasa Messiah has perpetrated, adding to the list of criminal charges to which he must answer were it not for the fact that our federal government is utterly derelict in the discharge of its collective duty to protect and defend the Constitution of these United States.

    I predict that when “Harrison J. Bounel” (or whatever in hell his name really is) loses the presidential election in 2012, he will resign during the “lame duck” interval so that Hairplug Joe Biden can become the first certifiably brain-damaged president in the history of this nation, and grant our TelePrompTer-fixated excuse for a lawful chief executive a blanket presidential pardon.

    If not, we might expect the Obama Presidential Library to find itself established in one of the federal penitentiaries.

    Without such a pardon, Barry is going to need a jailhouse job of some kind for the rest of his miserable life. He’d certainly make a better prison librarian than he’s proven to be as any kind of public servant.

    • Tucci78, there is no doubt Republicans are complicit in egregious legislation. My hope is that we are awake now. We have knowledge now, and we know we can influence the future.

  • The whole green energy scam is crashing in on itself due to inherent corruption… sorry GE, you deserve to lose out BIG ha ha

    It’s just like back in Chicago, one of Blago’s gems was taking kickbacks to award construction contracts for bike lanes and other “green” initiatives built with money jacked from taxpayers

    And the solution’s obvious enough: ONLY the market should be deciding what companies survive, not Barack Obama-then we don’t have these kind of problems

    • RR, reading the definition of “lemon socialism” was chilling. Knowing that it is a “plan,” confirming all we have thought, is stilling very unsettling. Even if not a green initiative, this is a plan! Outrageous. I know many of us are far more tuned-in to letting the market lead the way. I pray we won’t be so lax in the future.

      • I use to find conspiracy theory unsavory

        But I’ve learned you simply can’t be paranoid enough with this regime… unreal

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