For the benefit of your conservative brother-in-law and other conservatives who decry the management and outcomes of the Energy Policy Act of 2005, here is an article regarding a report on Solyndra from those liberals at Bloomberg. The report is linked from the article.
Solyndra Was An Anomaly, Independent Report Finds
Carl Franzen | December 2, 2011, 6:36 PM
"Unfortunate as the bankruptcy of California solar panel company Solyndra was, considering it defaulted on a $535 million loan guarantee from the Department of Energy, it isn’t reflective of the overall performance of the Energy Department’s loan guarantee program.
"In fact, aside from Solyndra, the loan guarantee program is actually extremely sound, supporting low-risk investments and maintaining a reserve of funding to draw upon, and ending it — as Republicans have tried to do — wouldn’t help balance the budget. Instead, it would probably sacrifice advances in clean energy.
"That’s at least the conclusion of a new independent report from Bloomberg Government analyzing the $16.1 billion Department of Energy’s loan program, which appears to further vindicate Energy Secretary Chu and the rest of the Department of Energy, who have said all along that they did due-diligence on Solyndra and all other energy companies that received loan guarantees."
Read on:
http://idealab.talkingpointsmemo.com/20 ... -finds.php
Bloomberg Report on Solyndra
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Bloomberg Report on Solyndra
"Debating with a conservative is like cleaning up your dog's vomit: It is an inevitable consequence of your association, he isn't much help, and it makes very clear the fact that he will swallow anything."