Apparently Obama Admin Prefers Chinese Solar Panels
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Give’m a half billion loan guarantee that, that will show the market place the Obama administration and his pesonality can force green solutions and kill the oil industry.
That guarantee helped Solyndra make and fund bad business decision that forced them into bankruptcy according to the Wall Street Journal.
But EPA Brown refused to take their phone calls and let them just waste almost $200,000 on lobbyists fees trying to sell Solyndra’s American made products to the government. The Obama administration. You know the one’s who arranged for the half billion loan guarantee.
That seems to be the Obama Way in this case at least, despite politically charged campaign rhetoric to the contrary.
I can add nothing intelligent to the linked article.
Comment by Dr Shermy on 17 September 2011:
Chinese subsidies, all too real, are not the reason Solyndra failed. They made the wrong techo business decision not availab le to them if they did not have a lot of government backed money.
“Inside the solar industry, many are not convinced that Solyndra faltered because of overseas competition. The company used a novel technology that did not require silicon and took a big competitive hit when the price of silicon tumbled.”