Obama’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”.



If you liked this post, you may also like these:

  • Another White House Document Dump Shows the Obama White House Was “All Hands on Deck” in Reaction to Solyndra’s Imminent Collapse
  • Hmmm Solyndragate … FBI RAIDS SOLYNDRA, the Barack Obama Backed & Funded Green Energy Failure
  • Happy Anniversary Barack Obama … Two Years Ago Today Obama Celebrates Solyndra … “The true engine of economic growth will always be companies like Solyndra.” … Too Bad It’s Bankrupt
  • Obama Green Energy Failure: Fisker Automotive Received More than Half-Billion Dollars in Federal Loans … Laying off Workers at their Delaware & California Plants
  • Another Obama Green Energy Company Fails … Ener1 Received $118.5 Million Stimulus Grant Files for Bankruptcy




  • Comments

    12 Responses to “Obama’s Hand Picked Green Jobs Company Solyndra Filing for Bankruptcy”

    1. Buster on September 1st, 2011 9:24 am

      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 !!!

    2. Moi on September 1st, 2011 9:46 am

      Only thing Obama should be hand picking is fruit in the orange groves of Florida.

    3. brie. on September 1st, 2011 12:07 pm

      A jungle of hate and despair for America!!!!!!!!

    4. Jayne (on the left coast) on September 1st, 2011 12:48 pm

      If “green jobs” were feasible and profit making industry some guys working in their garage would be billionaires by now.

    5. Deetch on September 1st, 2011 6:41 pm

      Where’s the rest of the story. Wonder if this company made any political donations? Ya think?

    6. super dave on September 2nd, 2011 2:28 pm

      what ? another green employee like van jones ?

    7. Hmmm Solyndragate … FBI RAIDS SOLYNDRA, the Barack Obama Backed & Funded Green Energy Failure | Scared Monkeys on September 8th, 2011 1:43 pm

      [...] and more prosperous future”. Oops, once again Obama was horribly wrong as just last week Solyndra filed for bankruptcy. This could get dicey for Barack Obama as the Gateway Pundit opines, top Obama bundler George [...]

    8. Jonathan Silver, the Head of the Federal Loan Program Resigns Amid Solyndra Scandal | Scared Monkeys on October 7th, 2011 5:49 am

      [...] his minions are foolish if they think that this resignation is going to make the story go away. The Obama/White House connection to Solyndra and campaign bundlers will make this story have legs. Silver took over as head of the [...]

    9. Solyndra & Barack Obama … Politics Dominated Obama Energy Programs Not Job Creating | Scared Monkeys on December 26th, 2011 4:59 pm

      [...] Since the failure of the company, Obama’s entire $80 billion clean- technology program has begun to look like a political liability for an administration about to enter a bruising reelection campaign. [...]

    10. Obama Green Energy Failure: Fisker Automotive Received More than Half-Billion Dollars in Federal Loans … Laying off Workers at their Delaware & California Plants | Scared Monkeys on February 7th, 2012 10:14 am

      [...] answer to US jobs and the economy is wasteful spending to “green” companies like Solydra and Fisker … but The One says no to the  Keystone XL pipeline. We all know that [...]

    11. Another White House Document Dump Shows the Obama White House Was “All Hands on Deck” in Reaction to Solyndra’s Imminent Collapse | Scared Monkeys on March 24th, 2012 3:54 pm

      [...] energy company on the hill”. Now Obama and his minions cannot run fast enough away from the bankrupt solar energy panel.  Just a couple of days ago, Obama said that Solyndra “was not our program per se.” Obama [...]

    12. President barack Obama Upset with Bi-Partisan Vote to Fix Flight Delays Caused by Sequestration … Calls it “Irresponsible Way to Govern” | Scared Monkeys on April 27th, 2013 6:52 pm

      [...] picking winner and losers of “green” energy companies. Actually, they have pretty much only picked losers. As reported at CNN, President Barack Obama and some Capitol Hill Democrats complained that [...]

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