A Distracted Washington is Missing an Opportunity
Congress will attempt to grill Solyndra executives today to figure out why the ill-fated company received over 500 millions dollars from the Department of Energy loan guarantee program. Just yesterday, First Solar Inc announced that it could not receive a DOE loan guarantee for its Topaz solar power project in California, which would destroy over 6 square miles of the Carrizo Plain. First Solar's stock dropped to record lows as disappointed investors walked away. But First Solar's stock had already been dropping because of worries that the Solyndra scandal and a faulty White House investment strategy would undermine First Solar's other loan guarantees, including one for the Desert Sunlight project near Joshua Tree National Park. Obama's energy policy has converted our fledgling clean energy sector into a casino, where big rollers can cart off public land and taxpayer money, and losers go bankrupt or watch their stock prices tumble? The Obama administration chose t