Courtesy of International Business Times:
A US government renewable energy programme described by Republicans as "disgusting" and "a colossal failure" has turned a profit for the first time.
The Loans Program Office became a stick to beat President Barack Obama with during the campaigning for the 2012 election, after the solar energy company Solyndra defaulted on a $535m loan it received from the Department of Energy.
It was followed into bankruptcy by start-ups Fisker Automotive and Abound Solar, all of which received loans from the office.
Now, it has reported a profit of $30m, after collecting interest payments of $810m on total loans of $34.2bn, Reuters reports.
Well looky there. Another Obama failure refuses to actually, you know, fail.
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