Why Politicians Lose So Much Money Picking Winners

The Solyndra scandal offers us a reminder that government isn’t very good at picking winners and shouldn’t try to do it.  Thanks to Obama administration connections, this Californiaâ??based solar panel maker had a $535 million spending blowout at the taxpayers’ expense, then fired everybody – some 1,100 jobs.  But there continues to be relentless lobbying for government to back other ventures touted as essential for our future.