Reply to Did the Algae Car Go the Way of Solyndra?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]

1. it was never his place to do Solyndra risks.
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Yes, actually it is.  The government does a ton of investment in industry. The reason that we are ahead of the world in fracking is federal investment that dates back to the 70's.  Since then the Federal government has invested in industries from high tech to oil and gas through every President, Republican or Democrat.

You can argue that renewable energy is not a sector worth investing in.  You can argue that Solyndra was not a good company to invest in.  But if you want to say that Presidents should not do this, well your party's own backers would pitch a fit.

BTW in case you didn't realize, the reason Solyndra failed is that China subsidized their solar panel development more than we did.  They aim to win this market because they know the long term opportunity.[/quote]

One second.  Was the Solyndra program and information surrounding it TRANSPARENT?   I think not.  I seem to recall a rush to throw money at it AFTER the facts suggested it as a foolish move.

Maybe, just maybe it was yet another King Cluster will have his own way inspite of the facts. -- Get him some therapy.  Being abandoned by both parents at an early age it traumatic.  He has lots of hate in him.[/quote]

Well given that the Bush Administration was in the process of approving it before Obama came into office, I'd say everyone had fair warning.  They brought it in front of the DOE credit review committee in January of 2009 before Obama was inaugurated.  The committee remanded it back as not ready.  Later Obama brought it back to the same committee, who are not political appointees, and they approved it.

And the process for providing energy loan guarantees is a law that Bush signed in 2005, the Energy Policy Act of 2005.  Funding came from the stimulus, but the process was written into law when the Republicans were in power.  The loan guarantee is a "1703" if you want to understand this.[/quote]

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