Solyndra: Obama's audacity of failure

Washington Times ^ | September 17, 2011 | Peter Bella

[delacoert]

Sloyndra is not the name of a recent Obama appointee. It’s not a Middle East rebel faction, a country facing revolution, the name of a stripper, rap singer, or a newly discovered planet.

It is the name of a company that robbed the tax payers of over 500 million dollars and tried to come back for more. Aided and abetted by the White House.

Solyndra was a pipe dream California company that planned to manufacture solar panels. It had applied for government loans during the Bush administration. That administration dragged their feet or sat on the deal because the financials did not make sense. There was a prediction Solyndra would go belly up in September of 2011.

What a difference an election makes. The Obama administration comes in and the money flows out. The prediction came true and it is blowing up in everyone’s faces. Timing is everything. While this president is touting spending more taxpayer money for his jobs plan, we are witnessing the failure of past money spent for his jobs plan.

Over a half billion dollars wasted and 1,100 jobs lost at Solydra. That’s change you can believe in. Other new or green technology companies are facing the same problems. They too received government funds in the form of grants or loans. They are falling by the wayside. Money wasted and jobs lost.

Solyndra was fast tracked by the Obama administration, against all expert advice, for three reasons. One, Obama had stimulus money burning a hole in his pocket. He could not wait to spend it. He needed to show the world he could create jobs in new technology and turn the economy around faster than a speeding bullet. He is Obama, after all. Big, bold, comprehensive, and historic.

Two, one of the companies investors, George Kaiser,

[American Constitutionalist]

" Dont worry; the exact same ‘holders people’ that benefited from this scam will land on their feet, and be first in line for the next scam reparations that is due them. That is the Chicago Way ( social justice ) "

There now, fixed.

[rawcatslyentist]

Money laundering ghetto style.

[rawcatslyentist]

>"Do you think the 1100 former Solyndra employees will be filing for unemployment benefits?"

The flesh and blood ones maybe. The New Orleans "Ghost" ones have found full time employment as "Chinese Dishwashers".

[4woodenboats]

‘That one was a Democrat,’ said the woman, ‘and every night for four years, he just sat on the edge of the bed and told me how good it was going to be, but nothing ever happened.’

Wooooooooot!!!