claim: Solyndra is an example of “crony capitalism.”
fact: Despite months of investigations, there is no evidence of political favoritism in the Solyndra loan guarantee process.
- A Washington Post analysis found that “The [email] records do not establish that anyone pressured the Energy Department to approve the Solyndra loan to benefit political contributors.” (http://wapo.st/twg2ug)
- A Bloomberg Government analysis concluded that the “focus on Solyndra is not proportional to its impact.” (http://bit.ly/rCXgZP)
- Loan guarantees have a long history in the United States, and have been used to support many of America’s critical industries, including housing, transportation and agriculture. (http://bit.ly/uV14lf)
claim: The American people – other than liberals – don’t support clean, renewable energy.
fact: Polls and the history of key polices show broad, bipartisan support for clean energy in the United States.
- Traditional swing voters in the industrial Midwest and South support clean energy and believe it will help drive economy growth and economic competitiveness. (Source: Third Way, http://bit.ly/yqHpYa)
- Two in three Americans believes that Congress should extend key tax incentives that encourage the production of renewable energy. (Source: National Journal / United Technologies, http://bit.ly/KRLSzx)
- A number of Republican elected officials are strong advocates for the U.S. wind industry and the Production Tax Credit (PTC). This includes: Kansas Governor Sam Brownback, Iowa Governor Terry Branstad, and Rep. Steve King. (Source: Politico, http://politi.co/I7MyAV) Sen. Chuck Grassley of Iowa is often called the “father of the PTC.” (Source: American Wind Energy Association, http://bit.ly/Kj0Tut)
- Many Republican Members of Congress expressed support for federal clean energy grants, loans and other subsidies before the Solyndra bankruptcy. (Source: Center for American Progress, http://bit.ly/ozimq2)
- The DOE Loan Guarantee Program was created with bipartisan support under the George W. Bush administration and designed to provide government support for “innovative technologies.” (Source: CNN, http://cnnmon.ie/LBryTy)
- The PTC and ITC were both enhanced and extended under the Bush administration with broad bipartisan support, and were intended to encourage private investment in renewable energy. (Sources: Stoel Rives, http://bit.ly/KXzFMq and Barron’s, http://on.barrons.com/L5OV8n).