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Solyndra 2: Another Subsidized Solar Panel Firm Goes Bankrupt

Written by Gary North on October 11, 2012

Solyndra was a boondoggle. The Department of Energy put taxpayers on the hook for half a billion dollars in loan guarantees. The company made solar panels. It went belly-up in September 2011. (How time flies!) Taxpayers will pay off its creditors. It was all part of green energy, which is energy that produces mostly red […]

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“Buy American!” Use Prison Labor. Uncle Sam Does.

Written by Gary North on July 2, 2012

If a U.S. government agency wants to buy solar panels, it must by them from a U.S. government corporation. This corporation uses federal prisoners to assemble the panels. Prisoners are paid between 23 cents an hour and $1.15. This sounds like slave labor to me. But can slave labor produce sophisticated solar cells? Of course […]

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