Harry Reid's Solyndra

Ed Lasky
  Here we go again: another gigantic taxpayer-funded loser, courtesy of President Obama's administration -- and this one seems to have helped friends of Harry Reid. Eric Lipton and Clifford Kraus of the New York Times cover the tale:  In a remote desert spot in northern Nevada, there is a geothermal plant run by a politically connected clean energy start-up that has relied heavily on an Obama administration loan guarantee and is now facing financial turmoil. The company is Nevada Geothermal Power, which like Solyndra, the now-famous California solar company, is struggling with debt after encountering problems at its only operating plant. After a series of technical missteps that are draining Nevada Geothermal's cash reserves, its own auditor concluded in a filing released last week that there was "significant doubt about the company's ability to continue as a going concern." It is a description that echoes the warning issued in 2010 by auditors hired by Solyndra, which...(Read Full Post)

COMMENTS ON AMERICANTHINKER