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
HAPPY ANNIVERSARY TO BARRACK OBAMA AND SOLYNDRA …
Today is the two year anniversary of President Barack Obama traveling to Freemont, CA and touting the green energy company Solyndra as a “brighter and more prosperous future”. One has to look no further as to why the US economy and job growth is in the crapper than to listen to Obama’s words of praise regarding Solyndra, ”The true engine of economic growth will always be companies like Solyndra.” Really? Obama’s shining example of “green” energy and the future did not take long to go bankrupt.
But on this day in 2010, with Solyndra already facing serious obstacles, President Obama was filled with optimism. “The true engine of economic growth will always be companies like Solyndra,” the president said. “Less than a year ago, we were standing on what was an empty lot. But through the Recovery Act, this company received a loan to expand its operations. This new factory is the result of those loans.”
“We’ve placed a big emphasis on clean energy,” Obama continued. “It’s the right thing to do for our environment, it’s the right thing to do for our national security, but it’s also the right thing to do for our economy…When it’s completed in a few months, Solyndra expects to hire a thousand workers to manufacture solar panels and sell them across America and around the world.”
Hey Barack, how is that Solyndra-greeny thing working out for you today? We have no jobs, but we got solar panel toxic waste.
It is rather comical and disingenuous that Obama and his minions attack Mitt Romney for his days at Bain Capital and failures of Bain when Obama has a laundry list of failed green energy companies on his record. Does Barack Obama really want to compare his failed “public equity” financing record versus Mitt Romney’s private equity record?
First the Barack Obama wasted $528 million tax payer Stimulus funded Solyndra declared bankruptcy, now the Solyndra building is for sale. Nice call President Obama, care to speculate more on your failed green energy agenda?
As reported from the Weekly Standard:
Solyndra, the green energy firm that received $528 million in a Department of Energy loan, filed for bankruptcy in September. As Bloomberg reported, “Solyndra, heralded by President Barack Obama as proof that ‘the promise of clean energy isn’t just an article of faith,’ filed for bankruptcy in September, days before the FBI raided its headquarters in Fremont, California.
Obama Green Energy Failure: Fisker Automotive Received More than Half-Billion Dollars in Federal Loans … Laying off Workers at their Delaware & California Plants
Another Barack Obama “green” energy failure …
Fisker Automotive, a California based electric car start up company that received $529 million in loans to produce two lines of plug-in hybrid cars, is laying off workers in Delaware and California. Wow, who could have predicted that this would have been a waste of tax payer money? After all, as the Lonely Conservative reminds us the electric car goes for such a paltry cost of $100,000.
Delaware’s News Journal reports that Fisker Automotive, a California-based electric car start-up company, is laying off an undisclosed number of staff to try to reserve enough capital in order to qualify for more federal help from the Department of Energy, according to a Delaware state development official.
“They’re trying to preserve the cash that they have,” said Alan Levin told the News Journal. “And unfortunately, until they meet the milestone that DOE continues to set … they’re not able to access the additional capital that they need.”
The company also came under fire last year for taking federal loans while producing cars in Finland. Company officials told ABC News at the time that “there was no contract manufacturer in the U.S. that could actually produce our vehicle.” The company was working on reopening a shuttered General Motors plant in Wilmington to produce vehicles — an effort that top Obama administration officials lauded.
So lets get this correct. Obama’s 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 Obama’s funding of these companies had nothing to do with jobs and everything to do with politics. Obama must go in 2012.
Things that make you go Hmmm … Should we call this Solyndragate or Greengate?
The FBI raided the headquarters if Solyndra, a green energy company that was given more than $500,000 in federal stimulus funds and was praised by President Barack Obama as a leading green company of the future saying, “It’s here that companies like Solyndra are leading the way toward a brighter 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 Kaiser, a principle investor in Solyndra, made multiple visits to the White House in the months before the company was granted a $535 million loan from the government.
FBI agents served search warrants this morning at Solyndra, the Fremont solar company that abruptly closed last week, two years after receiving more than $500 million in federal stimulus money, an agency official said.
The search is part of a joint investigation involving the FBI and the Department of Energy’s Office of Inspector General, said FBI spokeswoman Julianne Sohn, who declined to elaborate.
Wasn’t it just last week that famed predictor Alan Lichman said that Obama would win in 2012, one of the reasons he gained points was that there was no scandals in his Administration. SM pointed out the “Fast & Furious” scandal and I guess we might be able to add Solyndra into that category as well. As stated at Powerline, they refer to it as
the Solyndra bankruptcy was the green energy equivalent of Charles Keating/Lincoln Savings collapse in the S & L debacle of 20 years ago.
What do Obama know and when did he know it? What of those 20 visits by Solyndra execs to the White House. Hmm, quid pro quo?
Solyndra is a microcosm of Barack Obama and the economy. He plays favorites with companies and pushes his radical green agenda praising companies as the future … which ultimately go belly up and are raided by the FBI. Talk about the un-Midas touch. Do you think that Obama has learned his lesson that the government cannot prop up green energy technology and call it a success when its a failure? No, the NRO has more of Obama’s obsession with green jobs at all cost and be damned if they are sustainable or not. This is why this President is a failure … he lives in a different reality, one where success is not necessary.
Will this story have legs and how will the public perceive Barack Obama now that the FBI raid of Solybdra follows the “Fast & Furious” scandal? The squeaky clean image of Obama may now be tarnished as well.