Thursday, October 6, 2011

Venture Socialism

As a member of that minority group of Americans which actually pays Federal income taxes, I have a question: Can I deduct my portion of the Country's losses on the Obama Administration's venture socialism investment in Solyndra, Inc., from my income taxes? Or from losses on any of the other $38 Billion in "green energy" loan guarantees issued by the White House?

For those too busy earning a living to follow this shocking travesty as it unfolds, the Obama folks chose to guarantee with our money a $535 million dollar loan to this Silicon Valley solar chip manufacturer, even though the Bush White House refused to do so and his own Treasury, Energy Department and Office of Management and Budget officials counseled against it. And that loan placed the public, you and me, in an unprecedented subordinated position behind private investors in the event Solyndra went upside down. And upside down it went, as of August 30th, declaring bankruptcy as of that date.

Now, the half of America that pays income taxes (does that mean we're finally paying our "fair share?") has watched one half-billion of their precious dollars go "poof" in an uncoordinated partisan flurry of activity to finally produce some of those so-called "green jobs" in time to create a little bit of positivity in advance of the 2012 general election.

So, I'd like to know if I can recoup some of that loss by declaring it on my taxes. Or as one of the ever-diminishing cadre of those who are actually pulling the wagon so that others can ride for free, do I not deserve even this small consideration? Or has half-a-billion dollars become such chump change that it becomes a rounding error? Loose change Obama could find between the cushions of his Oval Office couch, perhaps? Pardon me, but I'm growing a bit weary of this whole costly charade. How about you?

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