Lightsquared debacle....

After I blogged last week about Barack Obama’s burgeoning LightSquared scandal, I received a miffed e-mail from billionaire hedge fund manager/Obama donor/LightSquared principal backer Philip Falcone under the subject line “Tip.” Falcone defended the Obama administration and noted that the predecessor to LightSquared, called Skyterra, had benefited from some previous regulatory approvals under the Bush administration. (Sound familiar? It’s the same “Blame Bush” defense the White House and its allies are using to try and deflect the Solyndra debacle.)