The U.S. Department of Energy claims lineage from the Manhattan Project of World War II, and its official history cites none other than Albert Einstein. Actually, the DOE dates its inception from 1977: “[T]he twelfth cabinet-level department brought together for the first time within one agency two programmatic traditions that had long coexisted within…
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“Program That Backed Solyndra Now Showing Successes,” proclaims a December 29 article by Henry C. Jackson of the Associated Press. He finds an example of success in Hugoton, Kansas, site of a new cellulosic ethanol refinery funded in part by a loan guarantee from the U.S. Department of Energy. The same program, Mr. Jackson…
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The lies, waste, fraud and incompetence involved in Obamacare have been getting a lot of ink and deservedly so. But while Americans watch the health hokum unfold they should not forget fallout from the federal stimulus. Consider, for example, the fortunes of Abound Solar. In 2010 Barack Obama praised the company as an excellent…
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In early June the government sold 30 million shares of GM, a move doubtless timed with GM’s return to the S&P 500 index, a position the auto giant lost in 2009 when it filed for bankruptcy reorganization. But as Business Week noted, as of April 30 the federal government still held 241.6 million GM…
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Fisker Automotive, Inc, got a federal loan of $529 million to produce its $100,000 Fisker Karma hybrid, built not in America by American workers but in Finland by Finnish workers. Fisker has not produced a car since last summer and recently dumped all its rank and file employees. The company faces bankruptcy and could…
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In 2007, energy researchers at Colorado State University created AVA Solar, which became Abound Solar of Loveland, Colorado, with manufacturing facilities in Tipton, Indiana. The President of the United States, Barack Obama, touted Abound Solar as an example of the clean-energy future, claiming it would create 2,000 construction jobs and 1,500 permanent jobs. Members of…
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