Solyndra’s business model put the company on track to fail. The changing dynamics of the global solar market accelerated its demise. The Obama Administration’s decision to award a flagship $535 million loan guarantee raises more than a few red flags — which Jon Stewart of The Daily Show put into context this week. Still, it’s worth putting the Solyndra loan guarantee into some perspective.
Christopher Mims, a Smart Planet contributing editor and blogger at Grist among other pubs, put out this request via Twitter earlier today:
Somebody, please: Infographic comparing $500 million spent on Solyndra to multi-billion $ spent on countless failed military projects.
Well, it’s been answered by Philip Bump. Here’s a chart comparing the Solyndra loan guarantee to what the New York Times called the Pentagon’s “biggest boondoogles.” The dollar amounts are in billions. Be warned: This won’t make you feel better.
Chart, Philip Bump; Photo: Solyndra