Obummer is the kiss of death if he stops by your business for a photo op. Remember when he popped into Chet's for a burger and they closed that week?
Posted on 08/31/2011 1:51:03 PM PDT by jazusamo
NBC is reporting on yet another green scheme going belly-up and this one is a big one. Scott McGrew reports:
Solyndra, a major manufacturer of solar technology in Fremont, has shut its doors, according to employees at the campus.
"I was told by a security guard to get my [stuff] and leave," one employee said. The company employs a little more than 1,000 employees worldwide, according to its website.
Solyndra was touted by the Obama administration as a prime example of how green technology could deliver jobs. The President visited the facility in May of last year and said "it is just a testament to American ingenuity and dynamism and the fact that we continue to have the best universities in the world, the best technology in the world, and most importantly the best workers in the world. And you guys all represent that. "
The federal government offered $535 million in low cost loan guarantees from the Department of Energy. NBC Bay Area has contacted the White House asking for a statement.
The company has announced just a short while ago it is declaring bankruptcy.
I have written numerous times that Solyndra is a prime example of the foolish green schemes Barack Obama and his team have been promoting across America. Sadly, this promotion has been more than just Obama-like airy platitudes about moon shots and being world leaders. The taxpayers are on the hook for hundreds of millions of dollars that Obama extended as loan guarantees. The handwriting was on the wall even before Obama handed our money over as the firm's own accountants warned that the company was in dire financial straits and was unlikely to continue as a "going concern."
Solyndra had as an investor a big bundler for Barack Obama -- Oklahoma billionaire George Kaiser...
(Excerpt) Read more at americanthinker.com ...
Kickbacks coming to Washington????????????? Maybe that’s why they ran out of money.
Revenues $140 mil in 2010. What a joke!!
Geez, they blew through a half-billion in loan guarantees in less than three years.
Oh well, we have full employment at the mint in Carson City, Nev. printing more ‘green’ dollars. Harry Reid probably thinks this is proof that green jobs are growing.
Obummer is the kiss of death if he stops by your business for a photo op. Remember when he popped into Chet's for a burger and they closed that week?
Anyone connected to short circuiting this process should be skinned!
Probably being replaced with a liquor store.
You guys?
I can't stand it when someone says that.
And Unionized.
Oh wait are conservatives supposed to be for or against crony capitalism?
http://abcnews.go.com/Blotter/white-house-backed-solar-solyndra-company-collapses/story?id=14420755
ABC link. Reuters also carried it.
I’m sort of amazed it is being carried by the MSM. Obama better watch it. His own news agencies and people are not 100% in the tank for him anymore. They do try to cover it a touch, and the best the comment columns can say is, well, Bush did the same thing! They forget we were pretty mad at Bush over such things.
Just like Deval Patrick’s “green darling” - a solar company in MA that went tits-up about 2 weeks ago, but not before milking MA stimulus funds for about $75 mil ...
The kickbacks are more direct. The kickbacks come when Obama makes a trip to raise funds. His fund raisers are money laundering events
The Democrat Party is a CRIMINAL ENTERPRISE
The kickbacks are more direct. The kickbacks come when Obama makes a trip to raise funds. His fund raisers are money laundering events
The Democrat Party is a CRIMINAL ENTERPRISE
You only needed the first two words in the headline.
It'll be interesting how and if he addresses green jobs in his address to the joint session of Congress and Americans. :-)
Maybe the company gave too much to Obama’s re-election.
True:
Obama’s economics advisor is way out in left field despite his degrees. His Treasury Secretary just increases monetary supply by printing more paper, thus devaluing the dollar more and more,while he listens to AL Gore’s global warming fairy tales.
That company was probably the “front” for bogus carbon credit purchases that went straight to DEM candidates.
Perhaps the employess will sue the global warming looney tunes in MGMT?
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