27 Apr '12, 4pm

Coda gives up on federal government loans, for now

I wouldn't mind seeing someone in the media do an in depth analysis of the DOE portfolio, with a focus on the ARRA projects, the ATVM projects and any other loan guarentees. It appears that the political fall out from the Solyndra thing has killed further investment. The question is, is it proof as the right wing says that the government is inept or corrupt and wasting tax payer dollars. I suspect that if you looked at the entire portfolio and did an honest analysis you would see that most of the projects have been relatively successful. Having projects like Solyndra in a loan guarentee program rather than a grant program limits the taxpayer exposure. Which leads me to another point. The Solyndra project did not cost the American taxpayer $538 million as is implied in most news articles. It was the amount of the loan guarentee. Solyndra was not without equity. So, what is ...

Full article: http://green.autoblog.com/2012/04/27/coda-gives-up-on-fed...

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