DOE Gives Out First Loan Guarantee

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Uploaded by on Sep 8, 2009

Clean Skies News repots on the Energy Department giving out its first loan guarantee. Solyndra Inc. received $535 Billion dollars to produce thin film solar panels. Vice President Joe Biden said we need to become a new solar powered America. Steve Ellis, Spokesperson for Taxpayers for Common Sense, thinks it is a big risk for the government to insure loans for high risk energy projects, such as Solyndra.

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  • Asshole.

  • The reason they couldn't raise private capital was because venture capitalists knew it would FAIL, and Obama's admin rushed it through (his first loan) although the analysis showed it wasn't viable, which was the reason the Bush admin didn't advance the loan process. Additionally, Obama's admin renegotiated the deal as they tax payers would get reimbursed last and the lowest interest rate available. Immoral, unethical, and shameful.

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