Posted on 08/06/2016 1:15:39 PM PDT by Kaslin
As contenders scramble for the White House this fall, thoughts have naturally turned to President Obama’s legacy, and particularly his environmental legacy. As taxpayers consider the lessons of that legacy they would do well to consider past support and use of taxpayer dollars for favored industries and companies. One of those once favored companies is the now defunct renewable energy company Solyndra.
During the late 2000s, the Obama administration deployed its political capital to cultivate an environmentally friendly image for the president. In a quest for renewable energy as part of the stimulus package and at the urging of the administration, the Department of Energy gave preferential tax and loan treatment to Solyndra, a California solar panel manufacturer.
The perception of many, including the Obama administration, was that Solyndra was a “sure winner in the solar industry,” to quote Scientific American’s reporting on the assessment others had made on the company when they wrote a reflection on the then bankrupt company. In fact, the administration was so enamored with the company that President Obama visited their facility and spoke of the company’s positive impacts on the environment in May of 2010. Indeed, the company’s technology focused on roof-based solar panels seemed promising.
Solyndra’s unique idea relied on covering roofs with cylindrical thin-film solar cells rather than flat panels. These cylinders encase thin-film solar cells made of copper-indium-gallium-selenide. The glass in the cylinder both seals out moisture and acts as a “sunlight concentrator” that funnels photons onto the film, producing more electricity.
(Excerpt) Read more at americanthinker.com ...
a “sure winner in the solar industry,”
= = =
But the players are not the US Citizens, but corrupt investors.
End result...tons of glass tubing filled with toxic cr@p tossed in the landfill.
Just a way to funnel big $ to DNC coffers...laundering. nothing more nothing less.
Make that filled with copper-indium-gallium-selenide toxic cr@p.
“...a way to funnel big $ to DNC coffers...laundering. nothing more nothing less....”
Exactly. Taxpayers funding the DNC and Obama campaign. I wonder just how much money really flowed from Solyndra to Obama ??? IMHO, Solyndra was not the only laundering operation. For consideration, how about GM ???
Is Solyndra still in BUSINESS?? They got MILLIONS of OUR TAX DOLLARS!
OOPS...didn’t read any of the article...sorry.
Investors? I don’t think so.
Soylndra should be thought of as a pipe from the US Treasury tank that siphoned money to the pockets of the chosen ones. Solyndra was a thievery scam dressed up as a green corporation
The Democrat party is a criminal enterprise
Whatever happened to the Solyndra files that the FBI scooped up the day after this scandal broke?
I don't know, but maybe they turned up in James Comey's office. FBI RELEASES 29 PAGES OF COMEY DOCUMENTS FBI ^ http://freerepublic.com/focus/f-news/3629836/posts
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