Following the Solyndra debacle, the Energy Department’s “green technology” loan program has hit a familiar new snag—massive slowdowns and bureaucratic red tape have brought the program to a standstill. The New York Times reports that a wave of companies have had their loan applications withdrawn or rejected, and many green energy companies are complaining that this change may be politically motivated. “Since Solyndra became politicized last fall, the Department of Energy has failed to make any other loans,” laments one green tech CEO.That’s pretty much how government programs often work. During the heady early days of the Obama Administration, sloppy, ill-considered loans were handed out left and right to companies like Solyndra. With an election on the way and the Solyndra debacle close behind, the pendulum is swinging the other way; bureaucrats are afraid of getting it wrong, and are taking the safe route: doing nothing and demanding more paperwork. The end result is a slow, erratic, and frustrating process, and these companies are walking away from government finance as a result.Not that the private sector has a perfect track record, but government bureaucratic culture and investment banking do not mix well. In three years of trying, the Obama administration has yet to get its green energy loan program working; there isn’t much sign that it will ever get this right.