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Exactly. This could easily have become the next boondogle, akin to Solyndra. The fact that it didn't, and achieved such a good result is a rarity.
by tomohawk 5y ago
Exactly.
This could easily have become the next boondogle, akin to Solyndra.
The fact that it didn't, and achieved such a good result is a rarity.
- Aloha 5y agoI would rather government take reasonable risks, and end up with occasional Solyndra's if thats the price for increased innovation. To be honest, I don't consider the half a billion dollars from Solyndra to be much of a boondoggle, in the grand scheme of things. It's a loan guarantee that had intentional fraud by the borrower.
- tootie 5y agoSolyndra was inconsequential. And it was part of a package of knowingly risky bets that was overall very successful. Warp Speed was the same. They invested in lots of vaccine trials with the expectation that some would fail and they would absorb the cost. There were a lot of manufacturing miscues and money that was misspent but that was all baked into the program expectations. Same with the clean energy funding of which Solyndra took part.
- throwaway6734 5y agoThe same program that invested in Solyndra also gave Tesla grants that prevented it's bankruptcy