GQP Has Been Digging For The Next Solyndra For A Solid Year Now; They Haven't Found Shit

[hatrack]

One year after President Joe Biden signed the nation’s first comprehensive climate legislation—the Inflation Reduction Act—Republicans have yet to find their “Solyndra.” Although GOP Congressional leaders have organized hearings and fired off letters to administration officials, they have not hit upon a scandal—Solyndra was a California solar company that went bankrupt in 2011 after receiving aid from the Obama administration—they could use to tarnish the law’s unprecedented $370 billion federal investment in clean energy.

In part, that’s because Biden’s team has been cautious to avoid missteps—in at least two cases, withdrawing grant offers to companies with ties to China after rumblings from Capitol Hill. But another factor surely is the disproportionately large economic benefits that red states and districts are enjoying from clean energy development spurred by the law. Out of 210 major clean energy manufacturing projects announced since the Inflation Reduction Act was enacted, Republican Congressional districts have captured 72 percent of the 74,181 new jobs and 86 percent of the $86.3 billion in private investment, according to tracking by E2, a group of environmental entrepreneurs affiliated with the Natural Resources Defense Council.

EDIT

But the closest that the Republicans have come to finding a new Solyndra was a company that almost got a federal grant: Texas-based battery tech company, Microvast. The Biden administration withdrew a $200 million offer to the company in May, after GOP protests about Microvast’s ties to China (it has a production facility there.) The Energy Department also broke off talks with another potential grant recipient that has a production line in China: Amprius of Fremont, Calif., which was in line for $50 million to help expand its U.S. manufacturing.

So instead of showcasing wasteful spending at a June hearing called, “Microvast And More: Oversight Of President Biden’s Energy Spending Spree,” Republicans provided a platform for the deputy director of the Biden Energy Department’s grants office, David Howell, to detail the agency’s due diligence process, and how it has been improved. “All right,” the oversight panel chairman, Rep. Morgan Griffith (R-Va.), said at one point. “So the vetting process is working, at least in this regard.”

EDIT

https://insideclimatenews.org/news/17082023/biden-inflation-reduction-act-anniversary/

[Alexander Of Assyria]

1. China, like the world, witnessed American surrender on solar and all things electronic.

Only the Pentagons massive budgets allowed it to weather the self created supply storm and ignore the politics.

China implemented a 10/20/50 year plan to supply the world with what it wanted while western capitalists conceded all the ground. In the process lifting half a billion Citizens out of poverty.

1.5 billion People is the greatest asset one can have…historically China and India have been the worlds greatest economies for two thousand and more years, save for he pollution pumping slave trading Colonial era…the ship will right itself again…inevitable with the vast treasure of Human Resources. And it’s ok, we all live on the same spaceship! EarthX!

Point the fingers at your own capitalists and own surrender to propaganda!

Let’s be genuine and admit it was a terrible mistake…the world wants what China supplies eagerly and in abundance.

Calling all Walmart shoppers!

[jimfields33]

2. Solyndra Never should have happened period. Lots of wasted money.

[hatrack]

3. Solyndra got $535 million in funding before folding . . . .

That's a little bit more than the cost of a single Littoral Combat ship - +/- $500 million in construction costs, not including operating costs which have been astronomical.

All 23 Littoral Combat Ships are now going to be decommissioned; the USS Sioux City was just decommissioned after serving less than five years, and eight more of her sisters are are already scheduled for the boneyard.

So, we can talk about "a lot of wasted money" or "a whole metric crap-ton of wasted money".


https://www.forbes.com/sites/adamandrzejewski/2021/04/12/remembering-solyndra--how-many-570m-green-energy-failures-are-hidden-inside-bidens-instructure-proposal/?sh=5d2c7e3b2672

https://www.navytimes.com/news/your-navy/2023/08/16/navy-decommissions-lcs-sioux-city-after-less-than-five-years-at-sea/

https://warontherocks.com/2021/11/lessons-from-the-littoral-combat-ship/

[jimfields33]

4. We're resorting to whataboutism? That's shocking.

[hatrack]

6. Get over it.

.

[jimfields33]

7. Why?

[OKIsItJustMe]

8. Hatrack's putting the amount into context

As I suggested, many people hear “illions” and their brains overload. They don’t really have a good grasp of what a Million is, let alone a thousand millions, or a million millions.

[OKIsItJustMe]

5. Millions, Billions, Trillions, I can't keep them straight

All I know is that they rhyme, and that I’m not getting mine!

And why don’t I ever win PowerBall!? (It seems like it’s always someone else who wins.)