Solyndra vs. Konarka
Jun. 3rd, 2012 02:56 pm![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png)
Mediaite posted an article yesterday titled Romney's Solyndra? State-Funded Massachusets Solar Company Goes Bankrupt in which comparisons are made between a solar company in Lowell, Massachusetts called Konarka and Solyndra, a California-based solar company in California. Both received government funding to keep their operations going and both are connected with the main two current Presidential candidates. However, there are some major differences between the two.
( One of these things is not like the other... )
There's a world of difference between a Governor investing in a corporation within his own state to ensure job creation and the President of the United States floating a company a half-million dollar loan to fulfill a lofty campaign promise. There's also a big difference in a company that goes bankrupt eight years after getting $1.5 million in state government funding and a company that goes bankrupt one year after getting $527 million in federal government funding. I just hope the American voting public is smart enough to notice the difference but if the 2008 election is any indication, they're not.
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Note to mods: Any way we can get hashtags for "business" and "mitt romney"? Thanks!
( One of these things is not like the other... )
There's a world of difference between a Governor investing in a corporation within his own state to ensure job creation and the President of the United States floating a company a half-million dollar loan to fulfill a lofty campaign promise. There's also a big difference in a company that goes bankrupt eight years after getting $1.5 million in state government funding and a company that goes bankrupt one year after getting $527 million in federal government funding. I just hope the American voting public is smart enough to notice the difference but if the 2008 election is any indication, they're not.
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Note to mods: Any way we can get hashtags for "business" and "mitt romney"? Thanks!