Romney-Backed Solar Company Fails Days After He Faulted Solyndra

Any emerging industry will have some failures. If they are cutting new ground, we can't know ahead of time which will succeed. If they were a sure thing, they wouldn't need gov't help.
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http://www.businessweek.com/news/2012-06-04/romney-bashes-solyndra-s-loan-as-solar-company-he-backed-fails

Bloomberg News
Romney-Backed Solar Company Fails Days After He Faulted Solyndra
By Jim Snyder on June 05, 2012

Republican Mitt Romney, who criticized President Barack Obama last week for backing failed Solyndra LLC, supported as governor of Massachusetts a different solar-power company that has gone out of business.

Konarka Technologies Inc. filed to liquidate on June 1 after getting state and U.S. aid, a development that may muddy his attempts to use Solyndra to try to show Obama’s broader economic failures, a professor said.

“It demonstrates the ‘problem’ of having a record, in that obscure decisions and circumstances come to light, often far removed from their original frameworks,” Burdett Loomis, a University of Kansas political science professor, said in an e- mail yesterday.

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At least four other U.S. solar-panel manufacturers filed for bankruptcy in the past year as the price of the products fell 50 percent on an oversupply and expanded production in China.