Just one word 'Solyndra'...
http://thenewamerican.com/economy/commentary-mainmenu-43/9775-solyndra-just-the-tip-of-the-iceberg
Copied from The New American Mag.
Solyndra Just the Tip of the Iceberg | Print |
WRITTEN BY BOB ADELMANN
MONDAY, 14 NOVEMBER 2011 16:17
In late October White House Chief of Staff William Daley (left) ordered a complete review of all loan guarantees the Department of Energy has made to various energy projects. The review “is a tacit acknowledgement that the loan program [that supported the now-bankrupt energy company Solyndra]…has raised enough internal concern that an outside assessment is necessary…”, according the Washington Post.
While the review is supposed to take 60 days and will no doubt be an attempt to whitewash failed efforts by the government to jumpstart the economy through its support of the green industry, a look at past efforts is more than sufficient to conclude that such “investments” are more properly labeled “boondoggles” and an enormous waste of taxpayer money.
