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  • Morning Bell: The Green Graveyard of Taxpayer-Funded Failures

    Solar-cell manufacturer Solyndra became a household name when it collapsed, taking $627 million in American taxpayer dollars with it. It’s the poster company for the government picking winners and losers—or really, just losers—in the energy market. But there are 12 more “green energy” losers that have declared bankruptcy despite attempts to prop them up with taxpayer money—and the list is growing.

    There’s a reason why these companies could not rely solely on private financing and needed help from the government. They couldn’t make it on their own; they couldn’t even make it with extra taxpayer help.

    These green government “investments” take from one (by taxing or borrowing) and give to another, but they merely move money around. They do not create jobs. They send labor and resources to areas of the economy where they are wasted. Proponents of special financing and tax credits for solar companies claim that these benefits will pay for themselves down the line—but when the companies receiving them are going bankrupt, that is highly unlikely.

    Kate Adams, a member of Heritage’s Young Leaders Program, and Heritage’s Rachael Slobodien compiled a list of the 12 members of the Green Graveyard—companies that received taxpayer money for green initiatives yet have filed for bankruptcy.

    1. Abound Solar (Loveland, Colorado), manufacturer of thin film photovoltaic modules.
    2. Beacon Power (Tyngsborough, Massachusetts), designed and developed advanced products and services to support stable, reliable and efficient electricity grid operation.
    3. Ener1 (Indianapolis, Indiana), built compact lithium-ion-powered battery solutions for hybrid and electric cars.
    4. Energy Conversion Devices (Rochester Hills, Michigan/Auburn Hills, Michigan), manufacturer of flexible thin film photovoltaic (PV) technology and a producer of batteries and other renewable energy-related products.
    5. Evergreen Solar, Inc. (Marlborough, Massachusetts), manufactured and installed solar panels.
    6. Mountain Plaza, Inc. (Dandridge, Tennessee), designed and implemented “truck-stop electrification” technology.
    7. Olsen’s Crop Service and Olsens Mills Acquisition Co. (Berlin, Wisconsin), a private company producing ethanol.
    8. Range Fuels (Soperton, Georgia), tried to develop a technology that converted biomass into ethanol without the use of enzymes.
    9. Raser Technologies (Provo, Utah), geothermal power plants and technology licensing.
    10. Solyndra (Fremont, California), manufacturer of cylindrical panels of thin-film solar cells.
    11. Spectrawatt (Hopewell, New York), solar cell manufacturer.
    12. Thompson River Power LLC (Wayzata, Minnesota), designed and developed advanced products and services to support stable, reliable and efficient electricity grid operation.

    Some lawmakers are looking for a solution. The aptly named No More Solyndras Act would prohibit any new loan guarantees from Title XVII of the Energy Policy Act of 2005.

    As Heritage’s Nicolas Loris wrote,

    Republicans and Democrats alike need to end their addiction to energy subsidies, or we’re going to continue down the same failed path of wasteful spending…We don’t need to fix the energy subsidy programs. We need to abolish them.

    President Obama said in 2010 that “the true engine of economic growth will always be companies like Solyndra.” He couldn’t be more wrong. Companies that are innovating and creating real value for consumers are the engine of economic growth, and they’re doing it without millions in taxpayer funding.

    Quick Hits:

    • This year is the fifth straight fiscal year “in which the federal government has increased its debt by more than a trillion dollars,” reports CNSNews.com.
    • Sally Ride, the first American woman in space and a trained scientist who helped develop the space shuttle’s robotic arm, has passed away at 61.
    • “Moody’s lowered the outlook to negative for the AAA credit ratings of Germany, the Netherlands and Luxembourg,” reports Bloomberg.
    • More U.K. military personnel are deployed in some capacity at the London Olympics than in Afghanistan, reports the AP.
    • Most American commentary about the U.N. Arms Trade Treaty has focused on the Second Amendment, but Heritage’s Ted Bromund goes further and explains the treaty’s five fundamental flaws.
    Posted in Ongoing Priorities [slideshow_deploy]

    91 Responses to Morning Bell: The Green Graveyard of Taxpayer-Funded Failures

    1. Don says:

      well he told us "we didnt create this"—but HE DID CREATE THIS–HE HAS FULL OWNERSHIP OF THIS–he rewards failure…that is his MO–Obimbo is bent on destrying our nation..his policies and laws scream destruction

      • Chan Brown says:

        If we are this lame, and really can't say no to big oil and their money…let's let Germany draw us up a plan of how they put solar on every roof , shut up, and follow their plan…Same with everything else we can't solve….find a country that has solved it, get them to write us a prescription, get the lobbyists out, and follow the prescription…anything short of this is left or right propaganda on behalf of the corporate masters…

        • arnonerik says:

          It's time for you to re-examine Germany's green energy program. They are paying a huge premium for their solar and wind efforts and they have started to back off from thier ill-conceived plan. They are looking again at nuclear energy as a more viable (and cheaper) answer.
          In the mean time, keep looking for that country that can produce economically feasible green energy. Someday it will happen, but don't hold your breath or disregard oil and natural gas until that future happy day.

        • Ron says:

          Germany's main source of energy remains COAL with 26 new plants on the drawing boards. They are making progress, but an overnight fix is not realistic.

        • Jeanne Stotler says:

          What you need to realize is that wiithout sun, NO solar, with out wind no windmills, My son is a rocket scientist and we have solar panels that keep our back up power charged, we also have a windmill that lowers our electric bill, to have all our5,000 sq ft home completely on alt. enegy, we would have our yard and roof covered ith panels and windmills. Since he built his own our cost is 10% of what it would cost to have them built, this would take an average of 10-15 yearsto pay for itself, then you would have to start replacing parts, plus you need battery back up for cloudy and non windy days, it's not cost efficient for the average person. Bio fuel is also not cost effecient.

          • Mary A says:

            thank you for an intelligent, rational, non partisan comment on the realities of alternative energy

      • Pragmatic says:

        This program was started under Bush and accelerated under Obama. FYI

        • Bobbie says:

          who would think to stop a crisis in the make? Oh wait! Bush did! Obama just started it up again! can't let a crisis go to waste…

    2. David Sanders says:

      I would like to see Ms Adams and Ms Slobodien, look into the officers and major stock holders of the companies on this list and examine their ties to government officials and lawmakers.

      • Michael says:

        We know Solyndra donated and are attending fundraisers with Obama, but this is information that needs to be looked into. I hope Amy Payne does that and gets that info out quickly.

      • rodneyB says:

        This would be a huge scandal that would demonstrate the corruption of the Obama administration. Just look at Solyndra and the Obama contributor that is in and out of the White House. I have seen a few small reports that he was a major investor for the slim green company. Well worth a hard look. Good article. Thanks

      • John Detwiler says:

        There is no secret here every one of these failures were contributors to Obama"s war chest. And some even blatantly visited him in the White House. Talk about corruption, you needn't go far, just look at Obama's guest book. This guy (Obama) should actually be charged with maleficent in office. A treasonable offence by a sitting President.

        • Jeanne Stotler says:

          New book out today on WH coruption by Tom Fitton of "Judicial Watch", and then Michele Malkin's book

        • Mary A says:

          many of them were campaign bundlers for Oblunder according to many prior articles on the subject

      • pcj says:

        I'd love to see a well-documented chart that we could link to and get the word out to friends and family…The documentation is for conservatives who double check what they are reading and liberals who won't believe anything unless they can see pages of documention to prove it wasn't something that the conservatives made up!

      • Mrt says:

        All the locations of those companies are in democratic bastions….How much of the money was redirected to Obama's campaign and democratic
        grassroot movements?

    3. toledofan says:

      It's too bad that subsidies have become a political reality and all of those in Washington depend on the monies spent to buy them votes or get re-elected. I can understand some tax breaks but to subsidize entire industries because of political gain is just another waste of tax payer dollars. In the first place the government is subsidizing using our money, so, why should they care. It's just like everything else that they use our money for. The solution is to turn off the spicket.

      • will says:

        "Those whom the gods wish to destroy, are they who give subsidies to their cronies.”
        Let's hope this variation of Euripedes is right.

      • stephen says:

        Just like Oil Ehh?

        • Bobbie says:

          yes, stephen. ALL subsidies. Let the markets go!!! Let the people decide!
          Keep in mind, oil companies give back to society where alternatives cost society in various ways!

        • Bobbie says:

          and are only good for one purpose unlike oil that has countless purposes!!!!!

      • Jack W Estes says:

        I notice the corrupt potus and his gang didn't toss any money toward Texas or any of the other oil/gas producing areas. He is too busy busting his butt trying to euthanize fossil fuels so the green junk can take us the rest of the way down the slide to financial ruin. I have a better idea, the sane people, the movers and shakers of our nation should take down the socialst agenda and the losers that enable them.

    4. Charles Kane says:

      This item would be more credible if a price tag would be assigned to each culprit. e.g., Solyndra $600,000+.

      • David says:

        A convincing addition would be a list of the companies meeting the same definition of “green” which have not failed and the amount of taxpayer money at risk, the date, and the number of jobs which would be lost if the enterprise does not succeed.

    5. Johncdavidson says:

      Does anyone think I could get a government grant to develope green suntan lotion?

    6. Craig says:

      Were all these from the Obama administration.

    7. Old Dave says:

      The parasite (government) is about to devour the host (private business). This is just one example of failure after failure after failure. Do I need to mention The War on Poverty, Freddie Mac, Fannie Mae, Dept. of Education, Dept. of Energy, etc. The list is nearly endless. With Obamacare I now am a subject rather than a citizen.

    8. Antigua Stan says:

      Obama's energy policy is the biggest job and wealth exporter imaginable – why isn't anyone talking about this?

    9. That's great that you are throwing in Ethanol faiures from the Bush Presidency when you know people will associate all these failures with President Obama. We need to make these investments to continue to make sure the US is a leader in these technologies. As coal ramps down and NG takes its place and we move from gas powered vehicles to EV's all these attempts will be important. The piece forgets to mention that by far most of these loans and grants have been successful and have created thousands of of jobs. Case in point – the new largest PV plant in the world – http://www.cleanenergyauthority.com/solar-energy-

      • timpclimber says:

        I've been a student of solar energy for over 50 years watching the ups and downs, innovations that worked and didn't work. We have come a long way but huge solar plants are only part of the answer (see Prabhu Deodhar's 7/6/2011 article). We need more efficient building design, energy conserving retrofits, hydrogen fuel cells, etc to meet the growing energy demands of the U.S. and the world. Going Green is needed in every human activity and those who do or innovate should be rewarded with tax incentives not tax handouts.

        • pete says:

          My biggest worry about "going green" is that thousands of acres around me that once grew crops and employed people are now windmill and solar farms, both of which produce electricity that costs $23-$24 per megawatt vice coal at 24 cents and oil at 44 cents per megawatt. The day will come when only government (subsidized by taxpayers) and the mega-rich (subsidized by sports and entertainment fans – in other words, those same taxpayers) will be the only ones with cars, air conditioning, lights, and appliances.

      • Chet Field says:

        Where is the info about economic feasibility in that article? All it does is say it's the biggest PV plant. So??

      • John Galt says:

        Why not let the market choose? Let me give you an example. Ohio electric utility forced by government to participate in unprofitable green energy. They build the largest solar array in Ohio and are permitted to include it in rate base. Next, electric choice for retail consumers lets them pick their own supplier. No one picks the more expensive supplier with the green. Out of state suppliers not forced to make stupid electric undercut DPL. DPL, now AES responds in kind and drops 30% to survive. The solar array generates electric at THREE times the coal generation. Wait till innovation makes the green more profitable. Some will eventually be. Right now AES has huge investment in wind. The profit in that is by selling energy offsets not generating electric. Do you think CO2 is a green house gas that is significant? The amount of it is less than 1/2 percent. Water vapor is far more of a green house contributer. That is the exhaust of a fuel cell. Third world and poor countries don't do a very good job of stewardship. If this country becomes poorer because of forced artificial mandates it will not fund as much research in better technologies like l e d lighting, direct plasma coal gas acceleration electric generation, solar, wind, tidal, biomass, etc.

      • Wayne Peterkin says:

        Wrong. I won't argue that Ethanol subsidies predate Obama, but they are and have been a farce. Ethanol is a losing proposition and has been. It is making fuel out of food, which is simply moronic. Ethanol is expensive to make and impractical without huge taxpayer subsidies, it is corrosive, and it raises food prices substantially. A study I read roughly five years ago said that is every single acre of American farmland was converted to ethanol production we could replace roughly 20% of our oil usage and we would have no food. It's a bad deal. Electric vehicles are an even worse joke. 100 year old technology abandoned as impractical then and we still see some promoting this failure! CNG as a transportation fuel and liquefied coal make much more sense, but those would still only supplement the abundant oil supplies available domestically. If so-called "renewable" energy ever becomes economically viable, we'll talk about it and maybe embrace it. Until then, keep sipping the kool-aid.

    10. annmarie says:

      The government subsidizing green energy when we have so much oil in our own land, coal which we much of, they subsidize farming even when the farm ground isn't even used in same cases when all the farmers have to do is let part of their ground rest every 7th year without tax payers paying for it. But, no one addresses what if the sun goes down and then where is this energy going to come from. Like some parts of the world, sun isn't seen for 6 months and etc. Government needs to stop the wasting of tax payer money on garbage bail outs, stop wasting money on their forever wages as Carter, Clinton, both Bushes, Gore, Chaney, and all other VP, P, Congress men and women all the way down to our local governments, then start dropping slowly the entitlements from $50 per month off their checks to where they will feel the need to get a job and all disability from anyone over the retirement ages who gets SS plus disability added to that plus maybe even a retirement check from their job. I can go on and on but lets start at the top of the waste with the government and their pay for life with those great benefits that tax payers have to pay when we ourselves don't get.

      • Kelly says:

        Let's take the 1% cut approach. With all of the waste, cutting 1% out of the federal budget each year for 5 years comes close to balancing the budget. It would be a step in the right direction to help stop this unbelievable spending spree.

      • Bill says:

        What you fail to realize is that there are few American owned oil companies. If we drill for the "so much oil in our own land," then who receives the benefit? Not American owned companies, but foreign companies. Green energy is not only cleaner, it is more sustainable than fossil fuels. You can create ethanol from trash and the portions of crops that aren't sold to market (cellusosic ethanol). The byproduct of bio-fuel creation can be used as fertilizer, the CO2 created can be pumped directly into greenhouses that grow the plants that contribute to the creation of ethanol. You mention parts of the world where "the sun isn't seen for 6 months." I hope you realize that not only does that apply to a mere fraction of the United States, but that fraction is also sparsely populated. What this article doesn't look into is why these companies were driven to bankruptcy. Basically it spins the information without looking at specifics to lay everything at the feet of the current administration.

      • cwf says:

        I could not agree with you more! The congress will not cut entitlements to themselves! They are above the rest of us. They should be paid when they are in office and paid for performance like the rest of the world. No lifetime pensions, no allowed insider trading. That would be a good starting point.

    11. RRStubbs says:

      Solar World a German Company with facilities in Hillsboro, OR has a sick financial sheet. Is it next?

    12. GatorGus says:

      Great information! Hopefully we can take this the next step and compile the amount of money each of the 12 companies have taken in loans and grants from the government.

    13. @Spectricide says:

      No, Solyndra became a household word when the Right Wing media decide to create a meme that perpetuates any and all distain for any thing Green done by this administration. Solyndra represents 3% of the totality of the Loan Guarantee program but it's the only one your guys talk about because it did not come to projected fruition. Oh and don't forget to throw in some Crony Capitalism. Another one of yous guys favorite Dog Whistles. Like it's something new that the GOP hasn't perfected to an art form and hasn't been part of capitalism since it's dawn. One would think that yous "Patriots" would get uppity about the rest of the world kicking our butts in the Green Energy field but no. Beholden to Big Oil seems to work fine for yous.

      • erock says:

        so youre saying sometimes investments dont work?

        you mean like Bain that is being constantly attacked for a small portion of its investments not working out???

        oh wait, not like that right? because bain was with PRIVATE funds, not MY tax $$ like these. my bad.

        youre right. sometimes things just dont work, good call.

      • 2D Okie says:

        Your command of the language, its' proper use and spelling speak volumes in support of your positiion and about your intellect. We have large oil, gas and coal resources that were tapped by free enterprise before Obama imigrated or you attained your intellectual stature. Therefore we have large companies in these business areas because they provided a honest product at a reasonable price. But that was before fantasy took over our moral values and gave people like you no moral compass or reality basis to think from. I'm sorry for you.

      • Bobbie says:

        truth too much for you, eh?

    14. Meredith G says:

      @David Saunders: I believe that the DOE is investigating at least the Solyndra debacle. Here's an interesting piece of info on this. It has been strongly suggested that most, if not all, of these companies were set up to fail and the investors knew this in advance. I think the main reason this came to light is that built into the 'loan' papers was a bankruptcy provision, if you will, that in the event of a bankruptcy, the investors would be paid first before anyone else, even the government/taxpayers. These companies received the money, the top CEO's received hefty bonus and shortly there after filled for BK. It has been rumored that the money then was laundered well and redistributed to the DNC, Obama and various other players. Another interesting thing to note is the connection these people/investors have to various other things. Follow some upwards and you will find at the top Brookfield Properties, who owns Zucotti Park, (where a lot of the Occupiers are camped at). Then comes Diana Taylor, (live in girlfriend of Mayor Bloomberg). She sat on the board of Brookfield Properties, the parent company of Granite Wind who received $168 million dollar loan guarantee from the DOE. The trail goes on from there and I do have more information on this. If you'd like a copy, e-mail me at w8roe417@ Hotmail.com . You can also use the AT&T address but I prefer the Hotmail one.

      • Jeanne Stotler says:

        DoE looking into misspending is like Holder looking into mismanagement of any Gov't. office , They are not going to let their own(Dems) bite the bullet. What is needed is an Independent counsel that answers to Congress not the JD or WH.

    15. tocelp says:

      How much money have all these companies lost?

    16. Juan Martinez says:

      Oh please, Ms. Payne – there you go again. Your HF article today is just one more whiney polemic about how bad Obama is for the country. But in reality, the money flushed away by the Obama administration on green energy projects are dwarfed by the taxpayer dollars wasted by the previous administration under the Energy Policy Act of 2005 (passed when both houses of Congress were controlled by the republicans), which, among other things, offered extraordinary federal subsidies for ethanol fuel producers. A 2010 study by the Environmental Working Group estimated that the cumulative ethanol subsidies between 2005 and 2009 were US$17 billion. The same study estimated the future cost to taxpayers at US$53.59 billion if these tax credits were extended until 2015. If you really want to help us, forget about the "No Solyndras Act", what we really need is a "No More Ethanol Fuel Subsidies Act". Better yet, why not repeal the Energy Policy Act of 2005 in its entirety?

      • C Flynn says:

        Bush was in no way a conservative except in his stance on national security.
        And you are correct…ethanol/corn subsidization is an abomination that should
        also be repealed. That in no way gives Obama the right to waste more of our
        tax dollars on his green delusions.

      • Bobbie says:

        why does your mind refuse to accept the people stating time and again, we want all subsidies eliminated?

    17. I don't know how this is going to go over here, but I would like to see government help the solar industry,; but not how they are doing it. Nothing spurs growth more than demand. So what would have happened if this money was put in the hands of people wating to put solar on their roofs? While it wouldn't have put any kickback money in the politician's hands, it would have increased the demand for roof ready solar systems,

      • chris says:

        I agree! just like the bank bailouts if the Government had given the money directly to the homeowners instead of the banks then everyone would have won! The banks would have been paid, 401k’s would not have fallen, the investors would have profited and the homeowners would still be living in their homes. And the whole recession would have been stunted.

    18. Daniel Artz says:

      This listing would be more informative if you listed, with each company, the Political Contributions made by Senior Executives, Directors, and Shareholders, and to whom those Political Contributions were made. I've seen other information elsewhere (I don't have a cite right now) that a substantial majority of the funds lent or guaranteed by the Energy Department during Obama's term went to companies where Officers, Directors, and/or big Shareholders were big contributors to the Obama Campaign. Can someone compile the numbers for these 12 failures of Government Policy?

    19. SimpleQuestion says:

      Why was the failure of the Romney-backed solar company Konarka left off this list?

    20. arnonerik says:

      The problem is that Leftist central planning will never, no not ever, be wiser or more efficient than the Market. As this article points out there is good reason private funds were not available for these risky "investments".
      Obama would never invest his own money in these but has no qualms about throwing away our tax dollars. It used to be, in saner times, that the Government only invested in basic research to promote breakthroughs in the hope of finding viable answers. Now the genius's in Washington think they can pick winners and losers among companies in order to promote their ill-conceived social agenda.

    21. Robert Genetski says:

      Would be useful to know both the amount of money and dates taxpayer money was approved for each of these projects.

    22. tom muphy says:

      A depressing list. What is the cumulative amount of taxpayer dollars blown on this dirty dozen?

    23. Cameron Cronkright says:

      Wouldn't this be a prime example of what we as a society might expect from this administration's attempt at re-distribution of wealth? the end result will be the same; failure.

    24. It would be nice if the article were followed up with several other things;

      1)Who did the executives of these companies support?
      2)How much money did each company receive or have guaranteed?
      3)What other "green energy" companies are receiving funding but not yet bankrupt?
      4) What is their financial condition?
      5)What are their political affiliations?
      6) Are there additional "green energy" loans being made currently?
      7) Are they still being made without Congressional approval?

      I think that this would keep the story alive longer and provide more legitimate outrage by the American public.

    25. Chet Field says:

      I'm wondering about the rest of this list now, because I've done business with one of the companies on it. It was sold to another company that I don't think is getting any subsidies and is still doing fine, so it apparently isn't ALWAYS that they company cannot make it without the government.

    26. The one true measure for any product is will it survive in the free market. Obviously NONE of the "green" initiatives will survive this lithmus test, so they must all GO!!!

    27. simplecomment says:

      Not every Green Energy company needs government assistance to be successful! My husband works for a solar energy company that uses NO GOVERNMENT HELP and they are growing like crazy and becoming quite successful! Companies can do it on their own without using the taxpayers dollars.

      • Bobbie says:

        That is absolutely wonderful but I wonder then why does the government want more taxes to provide for alternatives if more are on their own? You guys have to come out of the woodwork and put these cronies under because no business should be getting tax funding that postpones their collapse!

    28. Ken Marx says:

      Just an aside. How are any kind of batteries defined as "renewable energy"? Like Ethanol, ion-lithium batteries must take or use energy from another source to be usable. Any time energy is converted from one medium to another, there is a loss of some. That's euphemistically referred to as "WASTE"!

      Since God gave man dominion over all things, and he has provided us with abundant oil and coal reserves that are and can be extracted at a price that consumers are willing to pay, why are we continuing to have this "green" debate? At such a time in the future as man figures out how to better utilize such alternatives economically, then private investors will step forward to develop them. We've still got 100 years or more for that to happen without running into shortages. What's our hurry?

    29. Desert Pete says:

      I would really liike to know two things. #1. How much taxpayer money did the company lose. #2. How much did the Obama supporters running the company walk away with?

    30. Wes Evans says:

      How much money did the political contributers receive from these bankrupt firms? I have not heard one word from any one about this. Where these green enterprises just green scams? A new version of the old go into business, brrow money then take the cash bankrupt the enterprise and run.

    31. Portia says:

      Do not forget the 29 Billion he just sent to Finland, Denmark, Mexico and So Korea. Panels, Turbines, etc. The only person that would do this would be one that is out to destroy our Economy. This is also outsourcing. If it didn't work in USA how does he thing producing the same with more of the parts and pieces elsewhere will work. Answer is that this is Purposely Destructive. He continues to fulfill his and his cronies' agenda to take down the most Successful Democratic Republic on earth.

    32. TonyM says:

      It's a matter of physics. Solar and wind are highly inefficient forms of creating energy. It takes 150 acres of wind turbines to produce the energy that one power plant can produce on 10 acres. It takes acres of mirrors or solar panels to produce the energy needed to run anything substantial. Does anyone ever consider the environmental damage done by these "clean" options. World experience in these projects (Spain, Britain, Germany) shows that they cannot exist without mountains of government subsidies. Undeveloped countries can't industrialize without coal and/or oil. But that is the ultimate goal- is it not? – to prevent further industrialization so the planet can be "saved" from evil profit seeking corporations.

    33. nohonorleft says:

      Government should not be allowed to use taxpayer dollars for startup companies….. ever! Why? They are incompetent in this area and there is too much corruption. Real companies rely on their good ideas that are marketable to private lenders to obtain startup funding. Venture Capital companies and banks play this role.

    34. Southern Girl says:

      This is money laundering at its finest – he gives to them and they give it back to him in the form of campaign contributions. Wow what a racket they have going! All taxpayer money of course. We need to fix this in November!

    35. Blair Franconia, NH says:

      That's right. Obama hates oil.

    36. ChuckL says:

      The solution to subsidies, and he only way to make them work is to allow only limited time tax reductions or exemptions for the particular product subsidized. In this manner there will be NO tax money expended, and if the product is viable this will be determined by a venture capitalist with "skin in the game". We benefit by getting first a good chance that the venture will be viable, and second the if it fails we have still benefited from the income taxes paid by those who were employed for a time.

      The downside, if you consider it to be that is that the government will not be in control.

    37. ChuckL says:

      The solution to subsidies, and he only way to make them work is to allow only limited time tax reductions or exemptions for the particular product subsidized. In this manner there will be NO tax money expended, and if the product is viable this will be determined by a venture capitalist with "skin in the game". We benefit by getting first a good chance that the venture will be viable, and second the if it fails we have still benefited from the income taxes paid by those who were employed for a time.

    38. 2D Okie says:

      There is solar that works…has been for decades, but, just like the political payola binge of ETHANOL, all these large scale" take over the grid "pot-smoke halucinations never had an honest objective to start with. Follow the money, and Obama, the DNC and all the other culls are at the end of the trail

    39. Maryja says:

      Republicans and Democratsneed to end their addiction to ALL subsidies. Period!

    40. More wasted dollars from taxpayers and more debt for something worthless…………… making certain people rich, and not helping our situation.

    41. Blair Franconia, NH says:

      The Air Force should return to regular JP-8 jet fuel.

    42. dan gorman says:

      The article should have included the amount of money the gov't [we tax payers] gave to each of these failures.

    43. glenn says:

      why would you not list the amount given to each company. Nothing to hide, right?

    44. JSNYC says:

      RE WHO ELSE IS IN THE GRAVEYARD – of the nationalized industry variet besides the US post office (sell it to private industry successes like Parcel Service and Fed Ex (and let them make a profit)?

    45. Dan McKinnon says:

      Why didn't this piece include the amount of taxpayer money that went down the drain with each failure?

    46. Speaking of taxpayer-funded failures, it'd be tough to beat deregulation of the banking "industry".

      Funny how the Heritage Foundation doesn't want to talk about that.

      Other than to make up propaganda like "The government made banks make loans to the coloreds", and other lies, of course.
      ~

    47. Mike G. MD says:

      Obama has crapped away more tax payer money than all previous presidents COMBINED. He has failed to do ANYTHING to strengthen America, financially or militarily. He has done just the opposite. For 4 years he has blamed G. Bush for all of his failures. Meanwhile, Obama pours money down the drain by growing government and getting as many people on welfare as possible. Who will pay for the welfare checks once everyone is no longer working? The Govt. borrows 40 cents of every dollar it "spends". The Fed. Govt. now has nearly 500,000 vehicles registered. That means every 7th govt. worker has a vehicle for his/her use at YOUR expense. Obama's war on coal and natural gas in America will finish off our country if he has a chance to continue his campaign of American degradation for 4 more years.

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    49. oldfart says:

      Between 1900 and 1920, there were over 2000 car companies in the US. Most went bankrupt due to lack of funds, buyers and a host of other reasons. The ones that survived did so by building what the public wanted, a quality car at a fair price. Not one ever got a government bailout.

    50. Tom Fridmann says:

      This is a total embarasment for Obama, and his staff of spenders. Read this and weep. The failure and cost of technology that doesn't work as of yet..

    51. Beau B. says:

      If the American people don't want their tax money going to government subsidies, they should also reject their tax money from going to the oil and coal companies. Exxon gained much more taxpayer subsidies than Solyndra but nobody here complains about them.

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