Comment Re:Who is being taxed, exactly? (Score 1) 322
If you had bothered to research Solyndra their plan made perfect sense since the cost of silicon was quite high at the time. The problem for them was that the price dropped through the floor and the cost of solar cells dropped by a factor of 20, in part due to Chinese dumping. There was no way that Solyndra could compete with that. If you look at all of the DOE loans that were given out, their success rate was actually quite high. If you're too risk adverse you will never get ahead. That's what's missing today. Look at some of the research that was done in the past by places like Xerox PARK, Bell Laps, IBM, etc. We wouldn't be where we are today if it wasn't for the basic research that they did. If it wasn't for the work of John Bardeen, Walter Brattain and William Shockley at AT&T labs how long would it have taken for the transistor to come about? At the time that sort of research with crystals might be considered risky for a corporation to do, especially when it seems to have nothing in common with making phone calls.
One thing with research is that you have to expect that some things will fail, that's how good research works. If you are so risk adverse that you won't invest in something that might fail then you won't get ahead. That's one reason Silicon Valley has been so successful. For every big name that grows out of the area there are at least ten failures. People are not punished for their failures since they learn from them and move on.