Some of us, when we think information is being given out that is false, will argue why it is incorrect or provide data proving that the information is faulty.
Lefties? They just make it up.
Read this Mother Jones article about Solyndra.
Solyndra was working on a solar technology that promised to be cheaper than silicon, and at the time of the loan it looked really promising both to DOE and to private investors. But then the market turned: Silicon prices dropped, and China started producing super low-cost silicon PV. That spelled doom for Solyndra. They had a good idea, but it didn't work out.
In any case, Solyndra is a tiny fraction of DOE's green-energy loan program, and Solyndra's loan guarantees are dwarfed by those of both fossil fuel and nuclear companies, which range into the multiple billions. There was no scandal in the loan process, and there's nothing unusual about having a certain fraction of speculative programs like this fail. It's all part of the way the free market works.
Then, read the entire article to which I linked in this post.
In Solyndra’s case, outside auditors from PricewaterhouseCoopers (PWC) found that condition to be dire. “The company has suffered recurring losses from operations, negative cash flows since inception, and has a net stockholders’ deficit,” the PWC accountants concluded. Even with the gigantic Obama loan, Solyndra was such a basket case that PWC found “substantial doubt about its ability to continue as a going concern.”
Does it sound to you like this company "looked promising" to anyone except to the politicians who had the power and ability to give tax payer funds to political contributors? Does it sound to you like it was a "good idea" that just was unlucky not to have worked out?
Plus, I hate to break it to these progressives. But the "free market" in general is not funded by the government. Private investors decide whether or not to back companies in the free market - and their success rises or falls upon how well the investors have judged and how hard and how smart the company works.
Like I said - the left just Makes It Up.
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