President Obama spent $535 million of taxpayer stimulus money to prop up Solyndra, a solar panel company run by his political campaign contributors. Even though Department of Energy and White House staffers warned that the company's business model would never work, the loan was rushed out the door anyway. Now that Solyndra has gone belly up, taxpayers are left holding the bill.

When government steps in to pick winners and losers based on politics it opens the door to even more crony capitalism. As we've already seen with Solyndra, government betting taxpayer dollars on unproven technologies is a very bad deal. A restrained federal government that doesn't have taxpayer cash to spread around is essential to stopping the crony capitalism that's ruining our markets.

Click to sign the petition telling President Obama to stop using taxpayer funds to benefit his political donors.

This list of failing programs is only the beginning of the scandal.

* AFP Issue Page
* Daily Caller: Time to Try Free Market Energy Policy, By Phil Kerpen
* AFP Energy Tax Policy
* AFP Foundation Need to Know: Energy Tax Subsidies, Picking Winners and Losers