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-- -- your taxpayer dollars could be funding a possible sequel to Solyndra.
Solar power is now drawing comparisons about earlier failed.
Solar panel company which filed for bankruptcy last year.
-- -- power is getting a 197 million dollars in federal government loan guarantees the plan is set to make flexible solar panels in the company also gets.
Million dollars in private funding Dan Springer is looking out all this checking into.
-- -- power company in Portland Oregon morning to you Dan is this another Solyndra in the making.
Well it it will time will tell -- certainly yesterday at the grand opening that was a lot of optimism as you would expect.
-- -- power is hired sixty people were the first production line that hope is to have 450 people.
And four lines and a couple of years they say they have more sales than they.
Can actually fill -- now but the pressure's really on to succeed because the public is so much money invested.
By the end of the year -- -- -- will start spending that 197.
Billion dollar federal loan.
In addition state local governments have kicked in 56 million dollars in tax credits and loans.
Environmental groups say it's worth the gamble.
We're just on the cusp of a whole revolution.
And it's a -- going to be a lot of different companies.
Many of which will fail but it's the the key ones will succeed which are going to be -- -- those way.
Well certainly the Obama administration is hoping for success story yesterday we learned that the president of -- powered donated more than 30000 dollars to then candidate Obama's.
Campaign in 2008 bill what are analysts saying about the likely outcome for this -- Well we talked a lot of them they're running from anywhere from skepticism to downright.
They say that that you know this has been a dismal failure all of the solar power companies -- the that the US has invested in.
-- topples the lenders half billion dollar failure panel manufacturers in Colorado.
Went bankrupt costing taxpayers seventy million dollars.
It's -- -- power fails the administration would be all for three.
It's a terrible risk this is a program that should not even exist even -- -- -- -- low.
It's not a proper function of government to be a venture capital fund.
And the reason why we have done so poorly in making solar panels panels in this country bills because China has a 30% price advantage and so.
All the government men government money is gone into solar -- -- manufacturing so far has been.
Has been wasted while Dan Springer thank you Portland Oregon on that we'll see how -- -- from time.
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