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  • Solyndra

    Another Government-Picked Power Company Buried in the Green Graveyard

    When the government-backed Solyndra filed for Chapter 11 bankruptcy, policymakers supportive of the loan-guarantee program said variations of the following: “If this were a venture capital firm and only one out of 10 projects failed, they would be a great success.” That would be fine if it were private money, … More

    'A White House Free of Scandal'? Not So Much

    Bloomberg columnist Jonathan Alter really missed the mark last week with a commentary singing the praises of “The Obama Miracle, a White House Free of Scandal”, as the headline stated. Alter’s limited discussion of a couple of the scandals that have plagued the administration comes up short, while a laundry … More

    Morning Bell: Uncle Sam Is No Venture Capitalist

    It’s yet another inauspicious announcement the Obama Administration didn’t want you to hear. Late on Friday, the White House announced that it ordered an independent review of loans made by the Department of Energy to energy companies after months of weathering criticism for its $528 million loan to the now-bankrupt … More

    White House Won't Say If It Will Comply With Solyndra Subpoena

    The White House will not say whether it will comply with a subpoena from a House committee related to its involvement in the Solyndra scandal. Instead, the administration has opted to open its own investigation into the loan program that backed the defunct solar company – though that investigation will … More

    Solyndra to Auction Assets, But Taxpayers Won't See a Dime

    As part of its bankruptcy proceedings, defunct solar company Solyndra will auction off thousands of items from its California production facility on Nov. 2 and 3. But taxpayers won’t see a dime of the proceeds, due to the Energy Department’s decision to subordinate taxpayers to Solyndra’s private financiers in repayment … More

    Government Backing for Solar Firms Remains an Economic Drag

    The economic damage inherent in federal backing for solar power companies extends beyond Solyndra-style bankruptcies, in which taxpayers pour money into unprofitable but politically popular ventures. Even where government-backed companies stay afloat, federal intervention directs resources to less productive and profitable activities. Some solar power companies based in California are … More

    Green Energy Backers Unwittingly Undermine Case for Federal 'Investment'

    Democrats determined to shield the administration from accusations of political cronyism are unwittingly undermining the larger policy vision that they themselves have supported, and the president has championed: the so-called “green energy economy.” Reps. Henry Waxman (D-CA) and Diana Degette (D-CO), ranking Democrats on the House Energy and Commerce Committee and its investigative sub-panel, … More

    Morning Bell: Come Clean and Cut Funding

    What did the President know and when did he know it, goes the old Washington adage. Thus did the American people learn yesterday in separate but equally startling revelations that the Obama Administration knew more about two scandals than it has been revealing. The first is regarding the Operation Fast … More

    Is Harry Reid-Backed Nevada Geothermal the Next Solyndra?

    “This project is exactly the type of initiative we need to ensure Nevada creates good-paying jobs,” Senate Majority Leader Harry Reid (D-NV) said of a geothermal plant to be built in his home state. A year and a half and $145 million in taxpayer financing later, and the company that … More

    Obama's Economic Advisers Warned of Green Jobs Agenda's Pitfalls

    A pair of years-old anecdotes, recently revisited, show that top economists in the White House and Obama’s cabinet expressed serious doubts about the White House’s emphasis on and approach to green jobs. Three top economic advisers, on at least two occasions, have sounded alarms about that agenda. In October 2010, … More