RSSObama’s Hand Picked Green Jobs Company Solyndra Filing for Bankruptcy
Once again we are witness to two truths of the Obama Presidency … one, Obama’s the reverse Midas touch and two, “green” jobs are not the engine of the US economy. Has there ever been a better metaphor of the Obama economy?
Solyndra was touted by President Barack Obama as a shining example of “green” jobs and the future of the American economy. During a visit to the California based solar power energy company, Obama had nothing but growing praise for his Obama example of the economy and jobs. Needless to say, Obama’s “green” job masterpiece has filed for bankruptcy.
VIDEO Hat Tip: Gateway Pundit
During a visit to the Fremont facility in spring of 2010, the President said the factory “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. ”
It’s not his statements the administration will regret; it’s the loan guarantees. The President was celebrating $535 million in federal promises from the Department of Energy to the solar startup. The administration didn’t do its due diligence, says the Government Accountability Office. “There’s a consequence if you don’t follow a rigorous process that’s transparent,” Franklin Rusco of GAO told the website iWatch News.
Of course let us not forget the $535 million in federal promises from the Department of Energy to the solar startup. Yet more wasted money down the tubes at the hands of the Obama Administration playing favorites.
Obama was supposed to be the birth of a new way of doing business in Washington, DC. It was supposed to be “Hope and Change”. Or so he said. It is just nothing more than “crony capitalism”.
Posted September 1, 2011 by Scared Monkeys Barack Obama, Economy, Green Jobs, Jobs, Scandal, Solyndra, Unemployment | 12 comments |
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12 Responses to “Obama’s Hand Picked Green Jobs Company Solyndra Filing for Bankruptcy”
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obama is the Midas of all Presidents except every thing he touches turns to crap !!!
Now I hear the Eagle that represents the President of the United States is going to get replaced with a skunk because it’s half white, half black and really stinks !!!
Only thing Obama should be hand picking is fruit in the orange groves of Florida.
A jungle of hate and despair for America!!!!!!!!
If “green jobs” were feasible and profit making industry some guys working in their garage would be billionaires by now.
Where’s the rest of the story. Wonder if this company made any political donations? Ya think?
what ? another green employee like van jones ?
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