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Tim Carney: U.S. and China waste billions on solar panel race

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What happens when China and the United States clash in a subsidy-fueled solar panel arms race? The world gets a lot more solar panels than anyone wants to buy, manufacturers go bankrupt, and taxpayers get stuck with the tab. Will the recent bankruptcy of subsidized Chinese solar giant Suntech Power cause the Obama administration to tone down its argument that we need to match China's solar...

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