Solyndra to Declare Bankruptcy
1st September 2011
Solyndra was touted by the Obama administration as a prime example of how green technology could deliver jobs. The President visited the facility in May of last year and said “it 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. And you guys all represent that. “
And we all see how well that worked out. Win for Obama.
I guess this is the new Obama Jobs Program: Send $525 million to a fashionable ‘green’ company that then goes bankrupt and puts over a thousand out of work. Not sure how this differs from the old Obama Jobs Program, but I guess he’ll keep doing the same thing until the result is different. (Now, what was that defined as…?)