Most electricity today is generated by coal-fired power plants,operated by monopoly, state-regulated utilities. Because they've been around so long, and because coal is cheap, these plants have built-in cost advantages that no new technology can overcome without help. Federal guarantees help lower the cost of capital for technologies like solar; they help spur innovation; and they help encourage private investment.
These are all worthy goals. Over all, the American solar industry is a big success story; it now employs more people than either steel or coal, and it's a net exporter.
Next, Comes The Impeachment: Republicans Seek All White House Communication On Solyndra Since Obama InaugurationSubmitted by Naderite4RP on Thu, 10/06/2011 - 04:00
Check it our. Short and informative. Posted by R. P. Murphy over at Mises.org.
The problem President Obama has with Solynrda is not necessarily isolated to the company and its collapse. The real problem lies in the fact that Solyndra symbolizes the collapse of the crony capitalist model that has become the hallmark of administration policy.