Ronald Bailey has criticized the federal government’s loan guarantee provided to Solyndra (“With a Government-Funded ‘Success’ Like This What Does a Government-Funded Failure Look Like” Reason Magazine, Sept. 1, 2011). While it may be easy to attack a decision that ultimately turns out to be wrong, it is important also to highlight the successful government investments, especially in basic research, that have played a critical role in the American innovation engine that has been for some time now the envy of much of the rest of the world.
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