Nope, Solyndra is cronyism at its worst, just like Fannie and Freddie (who have their hands out yet again) and the big banks. You conviently forget that it was Bush who was the impetus for "saving" the car companies, even though Honda and Toyota are more "American" than American cars in totality. Obama merely threw the senior secured creditors under the bus and allied with the unions, just as he's preventing Boeing from setting up shop in South Carolina.
Ironically, the car companies are selling more trucks than cars, are not anywhere close to "normal" SAAR levels, and only surfed the tailwind of an inorganic tax credit, just as the Fed "saved" the economy temporarily with their ridiculous quantitative easing and curve manipulation. You didn't read the article, yet again. This isn't a Bush problem or an Obama problem, but it's a serious problem with grave consequences. Kicking the can will only worsen the inevitable, eventual pain.
You call economics the "sorry science," but then assert your liberalism with such confidence, which is a wee-bit hypocritical. Which is it? Gee, I wonder why the "staying power" wasn't there and won't be again when the private, small business sector is starved of oxygen and strangled with a regulatory albatross.