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Wednesday
Oct312012

Obamanomics, Solyndra and Crony Capitalism

 

Just published the above article from me here at Energy Tribune. Here's a taster (and for the full article go here):

If ever there were a poster child for government ineptitude in picking winners and losers in the marketplace it’s the Solyndra scandal. Perceived by some as ‘yesterday’s story’, Solyndra is still very much news – a self-inflicted wound for the administration and a running sore for US taxpayers. Right now the IRS is fighting a courtroom battle to prevent Solyndra investors from misusing the bankruptcy laws to further sting US taxpayers.

But that’s only half of it. In an equally desperate bid to blame competitors for their failed business model, Solyndra’s backers have also lodged an unfair trading practices lawsuit against Chinese solar panel-makers.  Meanwhile, a whole raft of potential ‘Solyndras’ still await receipt of their own government’s largesse as part of the administration’s ‘green deal’. And if anyone wants to know what all that means in practice a snapshot of the Nevada energy market provides it.

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  • Response
    Response: tiffany and co
    Obamanomics, Solyndra and Crony Capitalism - BLOG - Global Warming Hysteria

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