Another Energy Department-Funded Program Goes Under

Another Energy Department-Funded Program Goes Under

July 02, 2012
Originally published in OneNewsNow

From Chris Woodward's article in OneNewsNow:

Brian McGraw, policy analyst at the Competitive Enterprise Institute's Center for Energy and Environment, says no one should be surprised by the bankruptcy.

"This is the same [Department of Energy] program that was obviously responsible for Solyndra, handing out money to everyone who comes and asks for it -- all of these renewable energy companies," he notes. "Obviously, not everyone will fail, but lots of them are failing, and it looks like we're going to continue to see that. It's just like a bank, but a bank that doesn't care about the profit motive. They're not doing their homework."