Another bankruptcy occurred this week in US Solar Power manufacturers with the announcement of Solyndra that they will cease operations.
This is especially troubling since the US government invested over $500 million in our money into what is now another bankruptcy. It is important to note that once again, we fail in a market that is increasingly price driven. US manufacturers are not set up to compete in such a market. We thrive in markets where innovation and efficiency are king. Not the “ME TOO” markets like solar power.
I am sorry to see another tombstone in this market, but it will likely not be the last. What do you think?
Advertisement
This doesn’t surprise me. It is old news but seems to continue even though we have been on this track for some time. I am angry for the jobs lost because our administration can’t figure it out, so lets throw another failed stimulus at it in hopes we cover the real problem up, by throwing a bone to the American workers and extending benefits to the unemployed I am sure it will work this time….