Despite the spectacular collapse of solar panel maker Solyndra, which declared bankruptcy after receiving more than half a billion dollars from the Obama administration, President Obama said this evening that he doesn't want to give up on government-backed alternative energy projects.
The president used the opportunity of his State of the Union address to say it's time to "double down" on the concept but pointedly avoided mentioning Solyndra by name.
"The payoffs on these public investments don't always come right away," Obama said. "Some technologies don't pan out--some companies fail. But … Read more