Explaining Southern California's economy

Solyndra: Not about jobs, not about paybacks, but about…power

The Solyndragate feeding frenzy continues. There's blood in the water. The companies two top executives have taken the fifth in Congressional testimony. The Washington Post has done an expose. The New York Times has done an expose. The LA Times has done an expose after the Post and the New York Times did their exposes. Republicans are making plenty of noise about how Solyndra was somehow a corrupt undertaking designed to funnel taxpayer money to Obama supporters. It was also a stimulus boondoggle. And in California, it was a risky bet on precious few jobs.

My KPCC colleague and Pacific Swell blogger Molly Peterson and I have been talking about Solyndra for weeks. She provided a nice shout-out to several of the posts I've written on the topic at DeBord Report — and provided me with an opportunity to zero in on what's really going on with green energy funding.

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