Rick Lowe
Okay, I've admitted it. Now I feel so much better.
I think the earth is a pretty neat place and we should all do our part to lessen the amount of pollution, but where I draw the line is for government to lead the charge.
When they do there's usually boondoggles some where along the way and Solyndra, the US Government's green headed child has gone bankrupt.
One of the showpieces for President Obama’s green jobs push is going under—and leaving the federal government on the hook for $535 million worth of guaranteed loans in the process. Solyndra, a California-based solar cell manufacturer, told workers yesterday that it would be closing its remaining plant, laying off its 1,100 workers and declaring Chapter 11 bankruptcy, the San Francisco Chronicle reports. The company’s cylindrical cells were innovative, but proved unable to compete with cheaper offerings from China. [More…]
And Jim Harper at Cato@Liberty opines:
Until the federal government does clear the field, watch for the subsidy muddle in green tech to suppress profound innovations while government-directed investment brings modest returns to investors/tax-consumers at the expense of taxpayers. [More…]
When are we going to learn that the market determines the winners and losers without wasting taxpayer money.
How many Solyndra's does it take before governments stick to what they should be doing?
