Doesn’t Congress control the $.. not the executive branch?
The U.S. CHIPS and Science Act was signed into law by Biden and passed the Senate 64 to 33 and passed the House 243 to 187.
This is the doing of both parties.
If the guys involved in the Teapot Dome scandal were around now, they would marvel at the corruption in the BiteMe administration.
It’s only taxpayer’s money
Democrats need to buy elections
C’mon man!!!
Another big f’ing deal.
so
much
winning
enough
with
the
winning
please
You don’t suppose Obama had anything to do with this or that he isn’t laughing at how stupid the American public is, do you?
Grifters gonna grift.
Excerpt from Wikipedia:
The loan program took a $528 million loss from Solyndra.[19][20] Additionally, Solyndra received a $25.1 million tax break from California’s Alternative Energy and Advanced Transportation Financing Authority.[21]
https://en.m.wikipedia.org/wiki/Solyndra
Hey, it worked the first time.
I thought a private company was supposed to use private money...how are we involved in this crap.
Déjà vu all over again.
Failing up
2011: Center for Public Integrity: Solyndra CEO Brian Harrison resigns
by Matthew Mosk and Ronnie Greene
The CEO of Solyndra, a California-based solar energy company that received a controversial $535 million loan guarantee from the Obama administration, has resigned.
In papers filed with a bankruptcy court Wednesday, Solyndra said that Brian Harrison had left his post on Friday, Oct. 7, “as contemplated even before these cases were commenced.”...
A week after Solyndra’s bankruptcy filing, Federal agents searched the company’s California headquarters, and visited the homes of Harrison, company founder Chris Gronet and a former executive...
The House Energy and Commerce Committee has sought information from Solyndra’s prime investors — including Oklahoma oil billionaire George Kaiser, a bundler of campaign contributions to the president in 2008.
https://publicintegrity.org/politics/solyndra-ceo-brian-harrison-resigns/
more a union favor!
Jan 2024: Construction Dive: TSMC delays $40B Arizona chip factory again
Despite a labor union deal last month, the Taiwanese chip maker highlighted skilled labor shortages and access to government funding as lingering issues.
https://www.constructiondive.com/news/tsmc-deal-arizona-labor-union-chip-factory/704847/
Kickbacks for everyone!
Oh, and don’t forget 10% for the big guy.
Solyndra CEO Brian Harrison resigns - October 14, 2011
The CEO of Solyndra, a California-based solar energy company that received a controversial $535 million loan guarantee from the Obama administration, has resigned.
In papers filed with a bankruptcy court Wednesday, Solyndra said that Brian Harrison had left his post on Friday, Oct. 7, “as contemplated even before these cases were commenced.” Solyndra shut its doors and declared bankruptcy six weeks ago.
The Obama administration had selected Solyndra as the first to receive a loan under an Energy Department program designed to provide government support to companies that would create jobs while generating energy from cleaner sources, such as solar, wind and nuclear. President Obama personally visited the Solyndra complex, hailing it as a leader in this emerging field.
In August [2011], though, Solyndra abruptly shut its doors, laying off 1,100 workers. Within days, it had declared bankruptcy. The House Energy and Commerce Committee’s investigative subcommittee has held two hearings intending to unwind the deal and understand how signs of Solyndra’s financial trouble had been overlooked by the Department of Energy.
If one remembers when it failed, there were a few stories about a lot of campaign contributions to the “right” people in Washington. Since dems don’t have a clue about creating wealth, they have perfected money laundering of public money into their pockets. It’s official government grand theft, but with unlimited immunity from consequences.