Yes, More Solyndras For Clean Energy
From Time Magazine
The Solyndra “scandal” is trotted out every few months as part of the big-vs.-small-government debate in this country, but it is not and never was a scandal. The federal clean-energy loan program that the infamous solar-panel maker was a part of was designed to finance risky ventures, and Solyndra was a reasonable risk: an innovative manufacturer with huge private backing and an opportunity to transform the industry. But the industry transformed itself first. Silicon prices plunged, Solyndra’s advantages vanished, and the firm went bust. It happens. The Bush and Obama Administrations both selected Solyndra from 143 applicants for the program’s first loan, and investigators found no evidence that political interference made that happen. Yes, a White House official wrote “Ugh” in an e-mail when she heard about the $535 million default. What was she supposed to write?
