Government Support and Politics
Solyndra received a $535 million U.S. Energy Department loan guarantee before going bankrupt. Under the Solyndra restructuring plan, the government is projected to recoup 19 percent on $142.8 million of the loan and nothing on the remaining $385 million. Additionally, Solyndra received a $25.1 million tax break from California's Alternative Energy and Advanced Transportation Financing Authority.
The majority of Solyndra funding was provided by the American Recovery and Reinvestment Act.
Read more about this topic: Solyndra
Famous quotes containing the words government, support and/or politics:
“Visit the Navy-Yard, and behold a marine, such a man as an American government can make, or such as it can make a man with its black arts,—a mere shadow and reminiscence of humanity, a man laid out alive and standing, and already, as one may say, buried under arms with funeral accompaniments.”
—Henry David Thoreau (1817–1862)
“A father ... knows exactly what those boys at the mall have in their depraved little minds because he once owned such a depraved little mind himself. In fact, if he thinks enough about the plans that he used to have for young girls, the father not only will support his wife in keeping their daughter home but he might even run over to the mall and have a few of those boys arrested.”
—Bill Cosby (20th century)
“The [nineteenth-century] young men who were Puritans in politics were anti-Puritans in literature. They were willing to die for the independence of Poland or the Manchester Fenians; and they relaxed their tension by voluptuous reading in Swinburne.”
—Rebecca West (1892–1983)