11 More Solyndras: Department Of Energy Venture Capitalism Under Fire
    By Hank Campbell | January 14th 2012 12:32 AM | Print | E-mail | Track Comments
    Despite the claims of Department of Energy experts interns that they are all completely qualified to pick winners and losers among technology companies and rationalization by the New York Times that the Solyndra failure was just healthy capitalism, it isn't being washed over in the broad media as easily.

    CBS News' Sharyl Attkisson, one of the original reporters that uncovered the Solyndra scandal, has outlined 11 more companies that are part of Obama's Energy program and have floundered despite an outrageous $6.5 billion in taxpayer money. Five have already filed for bankruptcy: Beacon, Evergreen Solar, SpectraWatt, AES' subsidiary Eastern Energy and Solyndra.   Only $30 billion more in losses to go.



    I'm not a progressive activist, or a scientist hired to be a cheerleader for this sort of thing, so I have poor grasp of things I know nothing about, like how anyone approved any of these.  Anyone who knows anything about existing solar technology knows that it is not ready - instead of squandering money propping up companies waiting to die we should be doing basic research with that revenue.  Let the Chinese lose a fortune subsidizing companies right now.