Greengate: Enron Yesterday, Solyndra Today
Obama's Department of Energy has evidently shown far less prudence than Clinton's Department of Energy did in solar matters
By Institute for Energy Research —— Bio and Archives--September 20, 2011
Global Warming-Energy-Environment | Comments | Back To Full Article
Ten years ago, Enron, one of the largest energy companies in the world, imploded and filed for bankruptcy. Enron's dissolution should have been a red flag to both business and government that business plans predicated on government handouts, special treatment, and subsidies are inherently unstable and flawed. But as the recent bankruptcy of Solyndra shows, politicians still haven't learned and are willing to bet billions upon billions of the taxpayer's dollars on risky schemes.
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