Solyndra failure shows rift over taxpayer role
September 14th, 2011
02:53 PM ET
8 years ago

Solyndra failure shows rift over taxpayer role

New York (CNNMoney) - Until recently, few outside the solar power industry had even heard of Solyndra Inc.

Now the company's bankruptcy has become a case study on an issue likely to gain increasing attention: Should the government be investing taxpayer dollars in promising - but risky - startup companies?


Filed under: Economy
soundoff (8 Responses)
  1. Tim

    ....that contributed heavily to the Obama campaign.

    September 14, 2011 03:17 pm at 3:17 pm |
  2. Rudy NYC

    The company failed because it was undersold by Chinese companies supported by Chinese government subsidies. China can afford it. The never spent money on the R&D.

    September 14, 2011 03:24 pm at 3:24 pm |
  3. California Conservative

    White House is covering up hence them going in like they did. Bush administration turned them down so why did the Obama administration shove the loan through?

    September 14, 2011 03:28 pm at 3:28 pm |
  4. sammieb51

    We have no problem dumping money into Halliburton, KBR, Blackwater ..... involved in killing other countries' people and what sort of return have we gotten from them -- Millions and Millions of fraudulent billings that they will never be held accountable for.

    September 14, 2011 03:43 pm at 3:43 pm |
  5. David

    I’m tired of Libs making the argument that Big Oil Companies are getting special subsidies. They are getting the same tax deductions that other manufacturing companies receive. They qualify for these tax code deductions, because they do manufacturing just like every other American manufacturing company that employees Americans. If you take away these tax deductions guess who is going to make up the difference? Ding ding, that’s correct! We will. Big oil averages 2-3% profits versus the 30% plus taxes taken in by state and federal taxes. We refine a great deal of crude oil in the US supplying a lot of American jobs. More pressure from the Federal Government is going to drive these employers overseas just like they did with other manufacturing companies.

    September 14, 2011 03:57 pm at 3:57 pm |
  6. Hammerer

    No,obama should cover his tracks better.

    September 14, 2011 04:07 pm at 4:07 pm |
  7. steph in TX

    Fund research, yes. Invest our futures, no. This is precisely why the majority said "no" when Bush the 2nd tried to privatize social security.

    September 14, 2011 04:08 pm at 4:08 pm |
  8. Sebastian

    What's the net difference to the US Treasury between this and a "tax cut for job creators"? Seriously? Semantics

    September 14, 2011 04:43 pm at 4:43 pm |