Belmont Club » Eleven Bullets Left in the Solyndra: "Steven Mufson, writing in the Washington Post, noted that long before the Solyndra debacle, Washington had been in the habit of playing venture capitalist in the energy industry. It had failed in nearly every case. He cites the Clinch River Breeder reactor, synthetic fuel corporations, the hydrogen-powered car and clean coal — projects spanning both Republican and Democratic administrations. “Not a single one of these much-ballyhooed initiatives is producing or saving a drop or a watt or a whiff of energy, but they have managed to burn through far more more taxpayer money than the ill-fated Solyndra.”"
The physicists have nothing on leviathan in the black hole department, eh? And just so you don/t miss the grand finale:
Perhaps even the President sees it coming, hopes the crash won’t affect him politically. It was reported that administration knew in advance that Solyndra was doomed but exerted pressure on the company to keep going until the 2010 elections had passed, the better not to shake the faith of the true believers. In the end it was all about ‘optics’ and not at all about sunlight.
But you need to read everything in between. And after that, your interest will be piqued to read Folsom's "
The Myth Of The Robber Barons". There was a transcontinental railroad that was successful ... James J. Hill's privately built Great Northern line!
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