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Friday
Nov182011

"The Energy Department's loan guarantee program is the real Solyndra scandal"

Today's Washington Post editorial headline above got it spot on. A high-profile hearing before the U.S. House Energy and Commerce government oversight subcommittee has shined a bright spotlight on the "Solyndra solar scandal," but nary a word about much more risky nuclear loan guarantees was uttered. The Washington Post has run three articles and an editorial in the past two days in its print edition: yesterday's "Solyndra made demands of Energy Department" and "Upton sought loan for now-ailing solar company in Michigan"; today's front page above the fold "Energy chief defends agency"; and today's lead editorial "No fun in the sun." Hopefully, the magnifying lens being taken to the Solyndra solar loan guarantee default will also be applied to already approved, and future proposed, nuclear loan guarantees! See Beyond Nuclear's nuclear loan guarantee website section for more information, as well as our summary backgrounder on U.S. Representative Fred Upton's (R-MI) nuclear power industry cheerleading (see the section entitled "Handing over the keys of the U.S. Treasury to the nuclear power industry").