Skip to comments.Solyndra: Dumb and crooked
Posted on 09/23/2011 4:23:11 PM PDT by Mustang Driver
If anyone wonders what is wrong with America today, check out Solyndra. Its principal players were well-connected politically they knew the White House like the back of their grubby little paws but they did not know jack about business. In the 19th century, Solyndra would have failed an no one would have noticed. In the 21st century, taxpayers rewarded Solyndra with a half-billion dollars.
Most people know the tawdry deals of a billionaire raising money for Barack Obama who upon election feverishly worked to get the billionaires company a guaranteed loan. But what is really eye-opening is how dumber than rocks the companys business plan was.
The business model Solyndra used is buried inside a New York Times article today, In Rush to Assist a Solar Company, U.S. Missed Signs:
(Excerpt) Read more at blogs.dailymail.com ...
Now flooding is bad in the area, we learned the first rule of solar energy in kindergarten; "down came the sun & dried up all the rain & the itsy bitsy spider climbed up the spot again."
The area borders wetlands, all the shade caused by acres & acres of taxpayer panels keeps the area soaked & soggy instead of experiencing natural solar evaporation.
Just wanted to add that, it's an important negative about solar that gets overlooked.
How do you buy Solydras stacked and stored inventory for pennies on the dollar?....
No doubt some democrat will!!!...
Its not over YET!...