RECEIVED $355 MILLION IN GOVERNMENT LOANS; WAS MAJOR DONOR TO OBAMA CAMPAIGN
Solyndra, a San Francisco-based solar panel company that received a $535 million loan guarantee from the federal government has declared bankruptcy. Just last year, Captain Green Jobs touted the company as “leading the way” in the green jobs future he wets himself over – on a regular basis. Oh, and ABC News recently revealed that one of the major financial backer for Solyndra is also a major donor to the Obama Campaign, too.
What a shock. Go figure.
The donor, Steve Westley, was subsequently named to the President’s Energy Advisory Board. Solyndra was supposed to have produced 4,000 jobs with the loan guarantee. Now? All of the company’s employees have been laid off. Do tell…
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Well, the engineers all seem to say that solar and other “renewables” such as wind energy cannot compete economically with coal, oil, gas etc and therefore cannot exist unless heavily subsidized. Only government wastes money on the scale such subsidies require, largely because government uses other peoples’ money.