FARRELL: Down The Green Road Again
From Chris Farrell’s Op-Ed for The Daily Caller:
As the Biden administration seeks to launch a series of radical environmental proposals promising a government-subsidized new green future, it is important to remember: we’ve heard this song before.
Judicial Watch filed a Freedom of Information Act (FOIA) against the Office of Management and Budget and the U.S. Department of Energy seeking records of communications between Ron Klain, President Biden’s chief of staff, and bankrupt solar panel manufacturer Solyndra. Solyndra was one of the most prominent failures in the Obama-Biden administration’s attempt to force expensive alternative energy onto American consumers.
Solyndra was founded in 2005, manufacturing rooftop solar panels chiefly for commercial applications. Through political contacts it became the centerpiece of Obama administration efforts to prove that affordable solar power was the wave of the future, and could create good paying jobs. In 2009, then-Energy Secretary Steve Chu arranged for $535 million in Federal loan guarantees for the company, at favorable terms of around one percent interest. A later review by the Government Accountability Office found the Department of Energy announced Solyndra’s loan approval “prior to completion of external reviews required under procedures,” but no matter. The end justified the means.
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