The Future Is In Solar Power

Not:

http://www.nytimes.com/2011/09/23/us/politics/in-rush-to-assist-solyndra-united-states-missed-warning-signs.html?pagewanted=1&_r=1&hp



“It’s here that companies like Solyndra are leading the way toward a brighter and more prosperous future,” the president declared in May 2010 to the assembled workers and executives. The start-up business had received a $535 million federal loan guarantee, offered in part to reassert American dominance in solar technology while generating thousands of jobs.

But behind the pomp and pageantry, Solyndra was rotting inside, hemorrhaging cash so quickly that within weeks of Mr. Obama’s visit, the company canceled plans to offer shares to the public. Barely a year later, Solyndra has become one of the administration’s most costly fumbles after the company declared bankruptcy, laid off 1,100 workers and was raided by F.B.I. agents seeking evidence of possible fraud.

 

Change.

 

This one is going to haunt Obama for the next 14 months.

 

Lone nut.

 

I don't disagree. But what I don't get is the glee that comes from the right when green energy plans don't work out.

 

Wouldn't call it glee at green energy not working.

I would say it's another example of this administration making another breathtakingly stupid choice and this president proving once again he is completely undeserving of the office he holds.

 

Wait, this isn't a thread expressing shock that there aren't threads about this topic?

 

From a guy who, I'm guessing, voted for Sarah Palin.

 

So that thread is now retroactively wrong?

 

Dick, I'm not going to pretend I speak for the "right," but personally I take no glee in the reality that more than $500 million of taxpayer money wound up in the pockets of Obama donors who have subsequently chosen to seek constitutional protection against self-incrimination rather than testify at a Congressional inquiry.

I'm all for pursuing alternative energy sources. You'd have to have your head buried in Saudia Arabian sand to not acknowledge the fact that we will run out of oil at some point, and we are tasked to find a way to reduce our dependence on oil as supply continues to dwindle.

My skepticism stems from the fact that every time there's some sort of "breakthrough," it never turns out to be worth the hype.

 

Nuclear power.

The sooner we realize it, the better.

 

Just as Enron proved that electricity would never, ever work.