To the Point
Solyndra and the Future of Clean and Green Technology
Congressional investigators have revealed details of how $535 million in federal dollars went down the drain on guaranteed loans for high-tech solar panels. The Bush Administration put the deal in motion, but Solyndra went bankrupt on President Obama's watch, and Republicans are circulating embarrassing emails.
By Warren Olney • • 1 min readCongressional investigators have revealed details of how $535 million in federal dollars went down the drain on guaranteed loans for high-tech solar panels. The Bush Administration put the deal in motion, but Solyndra went bankrupt on President Obama's watch, and Republicans are circulating embarrassing emails. Is the scandal really as bad as it sounds? If the US wants a "Green Economy" to create jobs here at home, are loan guarantees needed, despite the risk? Are there other ways to compete with China, which subsidizes all manufacturing costs so it can undersell the competition?
