Government loans to green energy technology companies.
Money's cheap right now, green businesses can get a loan from private investors at a descent rate. No need to go to the government.
The last time that happened it was a disaster.
The government does not produce and nor should they. The government is here to protect our country and our rights. Let the private sector take care of itself.
I can give you about 60+ examples why it's been bad. There isn't a single success story, that I can find. This administration has flushed volumes of cash in the toilet.
It seems like a waste to me. But I haven't researched the numbers.
I have. It is.
Evergreen Solar ($25 million)*
Solyndra ($535 million)*
Beacon Power ($43 million)*
Nevada Geothermal ($98.5 million)
SunPower ($1.2 billion)
First Solar ($1.46 billion)
Babcock and Brown ($178 million)
EnerDel’s subsidiary Ener1 ($118.5 million)*
Amonix ($5.9 million)
Fisker Automotive ($529 million)
Abound Solar ($400 million)*
A123 Systems ($279 million)*
Willard and Kelsey Solar Group ($700,981)*
Johnson Controls ($299 million)
Brightsource ($1.6 billion)
ECOtality ($126.2 million)
Raser Technologies ($33 million)*
Energy Conversion Devices ($13.3 million)*
Mountain Plaza, Inc. ($2 million)*
Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
Range Fuels ($80 million)*
Thompson River Power ($6.5 million)*
Stirling Energy Systems ($7 million)*
Azure Dynamics ($5.4 million)*
Vestas ($50 million)
LG Chem’s subsidiary Compact Power ($151 million)
Nordic Windpower ($16 million)*
Navistar ($39 million)
Satcon ($3 million)*
Konarka Technologies Inc. ($20 million)*
Mascoma Corp. ($100 million)
*Denotes companies that have filed for bankruptcy.
The others are already bankrupt.
Wow. Although bankruptcy doesn't necessarily mean the company is closing, that's still pretty bad considering.
Good gravy that's a lot of money.
Of the 1/3-ish on that list that went filed for bankruptcy, the majority were bought and the technologies developed re-started again and are now growing companies. How many on your list are actually bankrupt right now?
All. This is the list of only the bankrupt and filed for bankrupt list. There are only two that I know of that have been bought and reworked, and they still aren't profitable.
No. I looked up a lot of the asterisk ones and there were at least 4 of the few I checked that were open and running at full steam.
I'm not hanging this on anyone in particular. I'm just giving examples of how they keep blowing our money. It's all of them. Washington does not understand business. Democrat or Republican.
Those still open are losing money. A lot. That's why they have filed.
I personally say, bring on alternatives, I agree we need to do something, not as a government that is deficit spending the dollar to oblivion, but as a people. Our government needs to worry about laws not "investments".
They think dumping tons of money on something fixes problems, look at the public school system, how's that working? www.cato.org/blog/public-school-spending-theres-chart
End corporate welfare!
Democrats complain all the time about big business yet on here it shows they're for our tax dollars to go to already rich ppl so they'll attempt to make greener energy. I believe in capitalism not corporatism
Loans and welfare are tow completely different things. And big banks and tech firms are two different things.
The democrats are against it when it doesn't agree with their politics but for when it supports their politics. Republicans are the same, their customers are just different.
Not really loans most of the time. Also what if that company fails? Like so many others have? Waste of our dollars
Just let the market do its things
There are loan programs for farmers and for the sugar industry, both supported by the republicans, I believe. I want to end it all, but they stay due to friends in congress who make deals to keep it all.
@Jolly. The question is about loans. And no investment bundle has a 100% success rate. The Solyndra one had a 95% success.
The market doing its thing is currently ruining our planet.
How was the solyndra program 95% successful?
@TomM. No. The loan bundle Solyndra was a part of has a 5% default rate.
Do you have a link to support that, I'd like to read that because I've only heard about defaults and similar issues.
No, I don't think it's a good idea but I do believe there should be much more focus on going green.
It's strategic: the military is already doing it.
Anyone who is against it is unAmerican and doesn't support the troops.
Are you being factious?
Drama...how dare you question this...you commie!
Get off my nuts longhorn I will destroy u. Dramatic... Maybe but I WILL destroy you
Well, the military HAS made this a priority issue and DARPA is actively funding alternative - green - energy.
If it's important enough for them...
Not currently no. When the clean energy market is larger than oil, gas, and coal, then it'd be smart.
That's what in sayin
Then government loans are not needed. The private industry can fund this.
Someone who claims to be a libertarian voted yes. Whoever you are, you have an identity question.
No government loans to anyone for any reason at any time.
Solyndra. 'Nuff said.
Tesla. 'Nuff said.
Our planet will out last all of us. Use the money else where
But what about those in the future? Should we just leave a planet shot to hell?
No. But the earth is going to do what it's going to do regardless if the government is going to give out loans to the green people. I think that the whole green thing is a way to get consumers to spend more then they have to on products.
If it was really important to save the earth then green products would be cheaper and more readily available. People are doing it for the money
The planet will survive but we may not.
You want to live in a waste dump?
When people make it a priority to not liter, get a different mode of transportation, get rid of unnecessary plastic bags nothing is going to change. People don't care. It's so easy to just put something in the trash yet we still won't do it.
People are choosing to live in a waste dump. When they decide they don't want to anymore then they will change. But no sooner then that
You may have a point about freewill drama, which is why I am sometimes pessimistic that we will turn the tide on global warming before it's too late. However, I think there are also some flaws with your logic;
first, the earth isn't simply going to "do what it's going to do"; humans are the ones causing these changes to the environment, thus it is our responsibility to do our best to reverse them.
Second, green products are expensive partly because they are more expensive to make, and also partly because of supply and demand; if more people chose these alternative products, I believe they could probably be sold more cheaply.
Government loans in general are a bad idea. It's not the government's job to interfere with the free market.
Have you ever heard of mises.org?
I have not. What is it exactly?
I looked it up. Says its the world centre for the Austrian school of economics and libertarian political and social theory.
Libertarian stuff? Cool. What exactly do they do? Teach libertarian philosophies?
I've never seen this site before, but it looks like it does. There's a lot of stuff. Looks pretty good to me.
Tell them to stay out of freeways and the trucking industry. If they had to bear the true costs, you'd never see another 18-wheeler.