The Solyndra Story

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If you’re interested in reading a bit of background on Solyndra now that it’s become a political football, the LA Times has a pretty good piece in today’s paper:

To grasp the saga of Solyndra’s rapid rise and even faster fall, one has to understand the dazzling appeal of its product. The company’s advancement in solar power was hailed as an invention so brilliant that it blinded everyone to the truth: Solyndra never had much of a chance in a fast-changing market.

“It was revolutionary,” said Walter Bailey, a former Macquarie Capital investment banker who specialized in green technology and visited Solyndra in 2008. “You had some of the smartest money in the world getting behind it. It was a real company with a huge factory and an extremely unique product.

“The only problem,” said Bailey, now a senior partner at boutique investment bank Focus Capital in New York, “was that it never penciled out.”

There’s nothing in this piece about the politics of Solyndra, just a straight-ahead explanation of who they were, why their technology was so dazzling, and why they failed. It’s worth a read if you’re not already up on all this.

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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