"[The] solar-energy firm known as Solyndra, which the [[w:United_States_Department_of_Energy|[US] Energy Department]] had backed with a $535 million loan guarantee [made the] unexpected announcement last week that it is filing for bankruptcy, leaving hundreds of workers jobless - and taxpayers on the hook for almost all of its government-backed loan. . . . [I]t’s not too early to draw some policy lessons from Solyndra’s ignominious downfall. . . . [G]overnment is no better than the private sector at picking industrial winners - and usually worse. . . . To the extent that government creates jobs by subsidizing particular companies, it does so by shifting resources that might have created jobs elsewhere. Political favoritism, or the appearance thereof, is an inherent risk . . . . When "green jobs" promises don’t pan out, it does the environmental cause more harm than good."