CBS: Many More Solyndras
It doesn't matter how bad the outlook is, if it's a green job, it's a good job. CBS highlights the junkbond status of the green job scandal.
Asked whether he'd put his personal money into Beacon, economist Peter Morici replied, "Not on purpose." "It's, it is a junk bond," Morici said. "But it's not even a good junk bond. It's well below investment grade."
Economist Morici says even somebody as smart as Secretary Chu -- an award-winning scientist -- shouldn't be playing "venture capitalist" with tax dollars.
"Tasking a Nobel Prize mathematician to make investments for the U.S. government is like asking the manager of the New York Yankees to be general in charge of America's troops in Afghanistan," Morici said. "It's that absurd."