Just 16 percent of voters nationwide believe it was a good idea for the government to provide Solyndra with loan guarantees. The solar power company went bankrupt and stuck taxpayers with the tab for a half-billion dollars.
The Obama administration generally has responded to questions about the program in the way a venture capital firm would respond to questions about a portfolio loss. They note that similar government investments have turned out just fine and that it’s only fair to look at their portfolio as a whole.
It’s not a bad argument if you believe government should behave like a venture capitalist. But the American people soundly reject that notion. Only 27 percent believe it’s ever OK for the government to make investments in private companies.
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