Lemon Socialism and Crony Capitalism: The Failure of Obamanomics

Originally posted at The Right Wing Blog:

Photo from Creative Commons, Copyright Cujo359

The collapse of solar firm Solyndra is the beginning of the end for Obamanomics.  After more than  32 months on the job, President Obama and his economic (on)crack team have managed to increase the chronic unemployment rate to record highs, increase the national debt to record highs, decrease economic growth to near-record lows, and decrease the President’s approval rating to record lows.  Not exactly great results, but now the solar scandal is exposing why Obamanomics is such a failure.

I say the Solyndra scandal is the beginning of the end because it’s finally shedding light on what’s really behind the administration’s economic policies: lemon socialism and crony capitalism.  These failed ideas are a “toxic combination,” according to Charles Krauthammer, and have been exposed as the backbone of Obamanomics.

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