John Ransom

Thankfully the drama of September is over. On to the drama of October.

That means that the deadline for the Department of Energy to give away more taxpayer money to companies like Solyndra has come and gone. But the story hasn’t ended, yet.

Even as new details were emerging that showed that big donors to the Democrats got paid millions for legal work on the Solyndra deal, the DOE was rushing to cut more checks in front of the September 30th deadline. These checks will go to more bleeding-edge, bleeding-heart companies that will provide even fewer jobs for the working-class that Democrats say they care about.

On the last day of the program, the DOE approved loans totaling nine Solyndras, or $4.7 billion. That means that in six short months another 10,000 people will be losing their jobs, at the cost of $470,000 per job to the American taxpayers, thanks to the DOE loan program.

But, in fairness, that doesn’t take into account the jobs that will be saved by the administration’s actions on the loan program.    

After all, somewhere out there, there are a dozen politically connected, left-leaning lawyers who bill by the hour and write checks by the party. At all costs, these jobs must be saved. For Democrats, lawyers, union executives and community organizers are the new blue collar in America.

In the meantime, leftist anarchists are protesting in Manhattan, that bastion of right-wing ideology <snort> over foreclosures, joblessness and bailouts, according to reports from Bloomberg.com.

And their cause is threatening the foundations of that other tower of right-wing thought: Los Angeles.

“The Occupy Wall Street movement, which has garnered the support of celebrities such as filmmaker Michael Moore and actress Susan Sarandon, are protesting against home foreclosures, high unemployment and the 2008 bailouts,” writes Bloomberg. “In Los Angeles, more than 100 protesters camped out in front of City Hall overnight Saturday. Occupy Wall Street organizers say they hope to see such protests spread across the country.”


John Ransom

John Ransom is the Finance Editor for Townhall Finance.