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Lawmakers in both parties have embraced the job creation fallacy.

Solyndra Revelations Show It’s Time to Close the “Bank of Washington”

By Heritage Foundation Amy Payne——--August 6, 2012

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“The Bank of Washington continues to help us!” bragged Solyndra CEO Chris Gronet in emails released last week.
An investigation by the House Energy and Commerce Committee revealed that Solyndra—the solar company that went under, taking more than $600 million in taxpayer funds with it—wasn’t ever supposed to be an independent business. It was built to rely on the taxpayers. “Getting business from Uncle Sam is a principal element of Solyndra’s channel strategy,” wrote Tom Baruch, founder of Solyndra investor CEMA Capital, in an August 10, 2010 email. More...

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Heritage Foundation——

The Heritage Foundation is the nation’s most broadly supported public policy research institute, with more than 453,000 individual, foundation and corporate donors. Heritage, founded in February 1973,  mission is
to formulate and promote conservative public policies based on the principles of free enterprise, limited government, individual freedom, traditional American values, and a strong national defense.

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