The Phony Solyndra Solar Scandal

Well here’s a surprise: conservatives and oil interests are pushing deceptive and destructive stories about President Obama and clean energy. Imagine that! Their intent (as always) is to turn people against President Obama, clean energy, national energy policy, stimulus to help the economy, and government in general. It’s what they do. Here is some information to help you push back on the latest whipped-up, anti-green, anti-government, anti-Obama “scandal.”
Solyndra
Solyndra was a startup solar-power equipment manufacturer based in Fremont, California that went bankrupt at the end of August. The company’s solar collectors used a special tubular internal design that let it collect light from all directions, and were made with a copper-indium-gallium-diselenide (CIGS) thin film that avoided using then-expensive silicon. It was one of several companies that received assistance from the government, in an attempt to push back on China’s strategic targeting of green-energy manufacturing.
The company, partly backed by the conservative Walton family had received a loan guarantee from the Department of Energy. The loan, which was originally pushed by the Bush administration, was 1.3% of the DOE portfolio.
The economy tanked and cut demand, and at the same time Solyndra could not compete with subsidized companies located in China as they rapidly scaled up. So Solyndra ran out of money. Conservatives and oil interests are using the bankruptcy as a platform to attack green energy and the idea of green jobs in general, solar power in particular, President Obama as always, stimulus funding and the idea of developing a national strategic industrial policy to push back on China and others who have their own national policies to win this key industry of the future.

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