Solyndra

Solyndra is a solar panel manufacturer in California that declared bankruptcy in August 2011 laying off 1100 employees. The main problem with Solyndra, most people said, was that it looked better when it was made than when it came out onto the market. The simple design aimed to cut costs with a more simple design that cut down labor time. Obama authorized a $535 million loan guarantee to Solyndra in 2009 trying to increase alternative energy growth.

The failure of this, has sparked debate in Washington over Obama’s stimulus plan. After Solyndra filed for bankruptcy the loan and the supervision of the company were criticized. Solyndra’s use of the loan money was also bad mouthed. Though Solyndra had its problems, it was a stepping stone for us iun hopes to finding a better way to find better more economical ways to produce energy.

There are many ways the country can learn from the mistakes of Solyndra. Its failure shoudl be refocusing the nation and its efforts on getting general policies on the right track, developing better finance strategies, and working towards a stronger economy.