“The implication here is that First Solar was “competing” with foreign solar panel makers in order to sell solar panels — to First Solar.”
Tim Carney reports in the Washington Examiner:
A heavily subsidized solar company received a U.S. taxpayer loan guarantee to sell solar panels to itself.
First Solar is the company. The subsidy came from the Export-Import Bank, which President Obama and Harry Reid are currently fighting to extend and expand. The underlying issue is how Obama’s insistence on green-energy subsidies and export subsidies manifests itself as rank corporate welfare…