Explaining Southern California's economy

Solyndra bankruptcy suggests that governments aren't investing enough in solar energy

The Solyndra bankruptcy has taken a vaguely criminal turn, as the FBI in recent days has raided the company's Fremont, Calif. headquarters and paid a visit to the homes of the CEO and founder. Opponents of President Obama's enthusiasm for green jobs have seized on Solyndra's woes as evidence that alt.energy is an economic bust. This is from the LA Times:

"The FBI raid further underscores that Solyndra was a bad bet from the beginning and put taxpayers at unnecessary risk," Rep. Fred UptonĀ (R-Mich.), chairman of the House Energy and Commerce Committee, and Rep. Cliff SternsĀ (R-Fla.) chairman of its Oversight and Investigations subcommittee, said in a joint statement. "President Obama's signature green jobs program went from a darling of the administration to bankruptcy to now the subject of an FBI raid in a matter of days."

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