Beltway Confidential

Export-Import Bank’s Solyndra subsidy reeks of politicized financing

By Timothy P. Carney
Published June 3, 2015 7:11pm ET
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Export-Import Bank’s Solyndra subsidy reeks of politicized financing
Solyndra, a solar energy technology company, visited by the President last year, has secured over a billion dollars in loans, March, 14, 2011 in Fremont, CA. (Photo by Bill O'Leary/The Washington Post via Getty Images) | The Washington Post

Q: When would the U.S. government subsidize a U.S. export that had happened in the previous year and that was estimated to create zero jobs?

A: When the U.S. exporter was politically connected Solyndra, and the subsidizing agency is the Export-Import Bank of the United States.

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Budgets and Deficits Export-Import Bank Government Loans Jobs Lobbying Timothy P. Carney