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Monday, April 25, 2016 2:56:34 AM
http://dailycaller.com/2012/04/17/learning-from-the-solyndra-debacle/
Number four of Nelson's list of reasons that Solyndra failed is my personal favorite:
1.) Solyndra’s manufacturing strategy required all new machines that had never existed before — making it vastly more expensive to tool up than if the equipment had been proven.
2.) A brand new 300,000 square-foot state-of-the-art tech building, complete with whistling robots, was constructed in Silicon Valley, an area with some of the most expensive industrial real estate in the world.
3.) During the process of awarding the guarantee, it became clear that things were not going that well at Solyndra — the product was not economically competitive and could not be priced above cost. But the loan was made anyway, on the hope of generating 1,100 jobs.
4.) Bonuses were paid to executives despite the dismal outcome of the project.
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