Sure, Why Not: Administration Quickly Inks $1 Billion More In Loans for Solar

Obviously this is exactly what we should be doing.

Facing a Friday deadline, the Energy Department has approved two loan guarantees worth more than $1billion for solar energy projects in Nevada and Arizona.

...

The loans were approved under the same program that paid for a $535 million loan to Solyndra Inc., a now-bankrupt solar panel maker...

The latest loan program, approved under the 2009 economic stimulus law, expires Friday. At least seven projects worth about $5 billion are pending.

Oh perfect. Another $5 billion? Swell.

Meanwhile, Verum Serum has audio of Jonathan Silver, the Executive Director of the Loan Programs Office at the Department of Energy, promising that the loan to Solyndra would have a "happy outcome."

The "reporter," from AOLEnergy (I guess this is AOL's energy-reporting/green bullshit section), starts off the clip here with a really tough question: Mr. Silver, Obama bureaucrat, do you think the press has been unfair in how the Solyndra loans have been reported? (This was a May 18 interview, before Solyndra collapsed and filed for bankruptcy, but after there were reports (completely false and malicious Republican claims) that the company was in trouble.)

Silver's response? Chuckling, he says he'd never accuse the press of being "unfair."

I'll bet.

You gotta love a "Fourth Estate"/watchdog of government whose first question for the government tends to be "Are we being too mean to you? Would you like an unchallenged opportunity to say we're too mean?"

posted by Ace at 01:53 PM

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