RealClearMarkets - Obama Lays Out the Case for Big Government: " . . . Of the 33 energy loan guarantees made since 2009 under the Energy Department's programs, 30 have shown signs of trouble, from missed production goals to bankruptcy filings. Of the companies that received loan guarantees, three have filed for bankruptcy so far (Solyndra, Abound Solar, and Beacon Power), two have reported operating losses (AREVA, Nevada Geothermal), at least one (Tesla Motors) has missed production goals, one (BrightSource) has cancelled its IPO, and at least 23 have struggled with poor credit ratings. A recent House Energy and Commerce Committee report concluded that a quarter of the $16 billion in Energy Department Section 1603 grants was awarded to U.S. subsidiaries of European and Asian companies. . . . "
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