This stupid Solyndra circus is starting to remind me of the late 1990s, when any whiff of scandal was like catnip to the media. This is 1/80th of the total price of loans made from the Energy Department’s program, none of the other companies involved have failed, and yet this is supposed to be an object lesson in how green jobs cannot compete. Never mind the $40 billion in subsidies given to oil and gas companies or the hundreds of millions in loan guarantees propping up the nuclear industry. This notion of a free market in energy is ridiculous.
In point of fact, the domestic solar industry, a net exporter last year, happens to be booming.