Solyndra, a solar panel manufacturer whose name has become synonymous with the failure of President Obama’s “green jobs” vision, declared bankruptcy earlier this month, despite receiving a $535 million loan from the Obama Administration. This should prompt two key questions. First, how did the company burn through all that government cash so quickly? Second, why should the government invest in private industry at all?

The “green jobs” lobby still has many defenders, who try to shrug off Solyndra as if it was just one more failed company. Phil Greenough, president of Greenough Communications, is just one among many taking the losses lightly:

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