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Politics : The Solyndra Scandal -- Ignore unavailable to you. Want to Upgrade?

To: Hope Praytochange who wrote (517)	7/4/2012 10:30:34 AM
From: joseffy	Read Replies (1) \| Respond to of 1400

As the latest in a string of green energy flops, Abound Solar shows Obama has quite a green-energy gambling addiction.

To: Hope Praytochange who wrote (517)	7/4/2012 10:32:01 AM
From: joseffy	Respond to of 1400

In a January report, Sheryl Attkisson of CBS News counted at least 12 clean-energy companies that were having trouble after collectively being approved for more than $6.5 billion in federal assistance. Five had filed for bankruptcy: the junk bond-rated Beacon Power, Evergreen Solar, SpectraWatt, AES subsidiary Eastern Energy and the now-infamous Solyndra. Now we have a sixth — Abound Solar.

To: Hope Praytochange who wrote (517)	7/4/2012 10:34:07 AM
From: joseffy	Respond to of 1400

Speaking of the push to promote green energy projects, Daniel Kish, senior vice president for policy at the Institute for Energy Research, said in a recent interview with Cybercast News Service that "without government subsidies or mandates, none of these energy sources exist, they just simply won't. ... These energy sources are not as efficient as the sources of energy that the marketplace has picked and the consumers have picked to run the country."

To: Hope Praytochange who wrote (517)	7/4/2012 10:34:28 AM
From: joseffy	Respond to of 1400

"Hindsight is always 20-20," Obama told George Stephanopoulos of ABC News after Solyndra closed its doors. "It went through the regular review process. And people felt like this (Solyndra) was a good bet." As the latest in a string of green energy flops, Abound Solar shows Obama has quite a green-energy gambling addiction. This is an administration that insists on picking winners and losers in the market, with an unenviable record of choosing the latter. Fortunately, the American people get to pick their own winners and losers in November