Fake scandals/Solyndra - Revision history

Woozle: Woozle moved page Myths/Solyndra was a scandal to Fake scandals/Solyndra without leaving a redirect: reorganizing -- fake scandals now separate from myths

2014-12-04T21:48:45Z

Woozle moved page Myths/Solyndra was a scandal to Fake scandals/Solyndra without leaving a redirect: reorganizing -- fake scandals now separate from myths

Woozle: NPR 11/13

2014-12-03T21:44:27Z

NPR 11/13

Woozle: myth: government needs to make a profit

2014-11-17T23:35:00Z

myth: government needs to make a profit

Woozle: Created page with "Solyndra was one of several companies in which the Department of Energy invested as part of a renewable energy loan program which was in turn part of Obama's stimulus program...."

2014-11-13T22:11:44Z

Created page with "Solyndra was one of several companies in which the Department of Energy invested as part of a renewable energy loan program which was in turn part of Obama's stimulus program...."

New page

Solyndra was one of several companies in which the Department of Energy invested as part of a renewable energy loan program which was in turn part of Obama's stimulus program. Among those companies, it has so far been one of only four failures.

The U.S. government expects to earn $5 billion to $6 billion from these investments, which have also created jobs and helped move the US further towards sustainable energy.

Among the program's successes is Tesla Motors Inc., which paid back its $465 million federal loan nine years early.
==Myths==
Among the myths circulated about Solyndra:
* '''Myth''': when government "picks winners and losers", it's somehow bad
** '''Reality''': Bad for whom? These investments turned a net profit for the US, created jobs, and moved the US closer to independence from fossil fuels.
* '''Myth''': the government picked which companies to support
** '''Reality''': The loan program was open-application.
* '''Myth''': Contributors to Obama or other Democratic campaigns were given preference
** '''Reality''': There's no evidence for this. Loans appear to have been awarded based solely on business plan. “There’s no picking winners and losers -- we’re just open for business and people apply” -- Peter Davidson, DoE loan program director
==Flies in the Ointment==
* Solyndra was the first loan guarantee recipient under the program. [http://www.bloomberg.com/news/2012-10-17/solyndra-lenders-ahead-of-government-won-t-recover-fully.html]
* Solyndra's "top executives were enthusiastic Obama campaign donors". [http://www.businessinsider.com/the-next-solyndra-president-obama-mentions-an-energy-company-in-his-big-speech-and-it-goes-bankrupt-instantly-2012-1]

None of this adds up to a scandal, however.
==Links==
===Reference===
* {{wikipedia|Solyndra}}
===News===
* '''2014-11-13''' [http://www.msnbc.com/rachel-maddow-show/thats-not-bad-outcome?hootPostID=7f54c5104ea3063d0164b113a79cdad4 ‘That’s not a bad outcome’]
* '''2014-11-12''' [http://www.bloomberg.com/news/2014-11-12/u-s-expects-5-billion-from-program-that-funded-solyndra.html U.S. Expects $5 Billion From Program That Funded Solyndra]
* '''2012-10-17''' [http://www.bloomberg.com/news/2012-10-17/solyndra-lenders-ahead-of-government-won-t-recover-fully.html Solyndra Lenders Ahead of Government Won’t Recover Fully]
* '''2011-10-13''' [http://www.theatlantic.com/business/archive/2011/10/who-besides-solyndra-got-loan-guarantees/246637/ Who Besides Solyndra Got Loan Guarantees?] by Megan McArdle

← Older revision	Revision as of 21:48, 4 December 2014
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@@ Line 23: / Line 23: @@
 * {{wikipedia|Solyndra}}
 ===News===
-* '''2014-11-13''' [http://www.msnbc.com/rachel-maddow-show/thats-not-bad-outcome?hootPostID=7f54c5104ea3063d0164b113a79cdad4 ‘That’s not a bad outcome’]
+* '''2014-11-13'''
 * '''2014-11-12''' [http://www.bloomberg.com/news/2014-11-12/u-s-expects-5-billion-from-program-that-funded-solyndra.html U.S. Expects $5 Billion From Program That Funded Solyndra]
 * '''2012-10-17''' [http://www.bloomberg.com/news/2012-10-17/solyndra-lenders-ahead-of-government-won-t-recover-fully.html Solyndra Lenders Ahead of Government Won’t Recover Fully]
 * '''2011-10-13''' [http://www.theatlantic.com/business/archive/2011/10/who-besides-solyndra-got-loan-guarantees/246637/ Who Besides Solyndra Got Loan Guarantees?] by Megan McArdle

@@ Line 12: / Line 12: @@
 * '''Myth''': Contributors to Obama or other Democratic campaigns were given preference
 ** '''Reality''': There's no evidence for this. Loans appear to have been awarded based solely on business plan. “There’s no picking winners and losers -- we’re just open for business and people apply” -- Peter Davidson, DoE loan program director
 ==Flies in the Ointment==
 * Solyndra was the first loan guarantee recipient under the program. [http://www.bloomberg.com/news/2012-10-17/solyndra-lenders-ahead-of-government-won-t-recover-fully.html]