Hmmm, guess that procedure was there for a reason.
And I guess that answers the question whether Obama is cursed or just ideologically blinded. I submit curses and “bad luck” have nothing to do with it.
Why are you complaining? Its only half a BILLION DOLLARS!
Maybe some one can buy the place for $1 and make money.
I agree this dude is a Curse of Death regarding any business he visits. Just look, he had flies, mice, bees, and every business he visit goes belly up including Moochelle fashion designers have gone belly up. So what does that say about ODumbo and Bigfoot?
The bad news about this is that the Regime is going to do exactly the same kinds of things with the “Infrastructure Bank”. It will be another Federal slush fund that will fund “Big Dig” projects all over the Country, all of them union jobs. The IB will save Congress Critters the embarrassment of defending earmarks, and will not be subject to any budgetary constraints. Its not even clear who would be approving the awards, cut it clearly won’t be any elected officials.
We’re just getting started here. Wait until Premier Hussein establishes a new Cabinet level “Department of Jobs”....
A 700 million dollar facility built with 535 million dollars of fed. money. Where did the other 165 million dollars come from? Investors? There was no public offering to raise money so who looses 165 million? Or did they?
-PJ
Another Cayman Island bank account filled to overflowing!
The left loves to scold the rest of us about “sustainability”. With the bankruptcy of this green jobs enterprise, we have a metric by which to judge the left’s claim that green energy creates jobs.
The median household income in 2010 was $52,026. Solyndra employed about 1,100 and the federal government just guaranteed $535 million in loans that it took out. So, a “green job” costs about $486k each, or NINE TIMES the median household income.
At a 9:1 ratio, green jobs propel will us to penury faster than if we were riding on a bullet train.