Posted on 08/31/2011 10:05:28 AM PDT by muleskinner
President Obama faces political catastrophe in the form of Solyndra -- a San Francisco Bay area solar company that he touted as a gleaming example of green technology. It has announced it will declare Chapter 11 bankruptcy. More than 1,100 people will lose their jobs.
(Excerpt) Read more at nbcbayarea.com ...
Do you think that has something to do with GE buying half of them?
It’s not the hundreds of millions of our tax dollars wasted that matters, it’s the pure and caring motives of the spenders that we celebrate.
obama is the reverse Midas: everything he touches turns to #h!t.
I don’t think the dems are idiots nor do I see this as a failure to do due diligence.
It was money laundering, plain and simple. Follow the money.
ABC News: http://abcnews.go.com/Blotter/white-house-backed-solar-solyndra-company-collapses/story?id=14420755
How’s that Hope and Change working out for ya?
GE hasn’t bought any yet. They’re waiting on volume production to start, which is underway now. Hamtramck should be able to churn out almost 4,000 a month by the end of this year.
Then we’ll see if there’s real demand for the cars after the limited number of enviroweenies get theirs.
“Kaiser raised at least $50,000 for the president’s 2008 election effort...”
FASCISM can pay very well if you are one of the more equalz pigs....
This is all way past just mistakes. It is part and parcel of a concerted pattern of fraud against the US taxpayers by left wing investors, non-profits and their political pawns....they know who they are... and they know there will be a day when they are called out to account for the billions in green energy fraud.
I really do think they are idiots, I live on the west coast and these guys chant green jobs like some kind of religious incantation over the masses.....it is this greenie weanie geeks with their fantasies infecting everyone’s mind out here in a case of grand mass hysteria
They weren’t even SUPPLYING to a real business.
The government of US and CA were subsidizing the market to the tune of about 80% of cost.
So - government subsidized loans - to a government subsidized market - and they still failed?
I’m having a hard time understanding how stupid one needs to be to get to that square on the board. Just pure evil.
Every person who worked in finance department with greater than a BS and 5 years experience needs to go to jail. Because - this is criminal stupidity. Criminal negligence.
Including Moochelle. LOL
Then there are place(s) where he said someone is hiring, and they say “no, we’re not;” or they in fact lay-off workers. I seem to recall either John Deere or Caterpillar as an example of one of these.
Another 1,100 jobs created or saved by Obama. /s
Oops- GE has started taking deliveries of the 2012 Volt. About 2500 have been made and shipped, w/ some going to Cananda and Europe. Fleet is a big chunk - Bloomblurgh had the NYPD buy a bunch for their fleet.
So, did Solyndra actually receive the $535 Million, meaning that we are out $535 Million? If yes, seems almost Criminal!
I’m wondering who reviews business plans, etc. prior to making these type of loans? This loan could not have been “good” when it was made. I wonder if this was a huge scam?
nicely timed for his “doubling-down on green jobs” address too
“They’re selling as many as they can make. GM just can’t make that many yet.”
To who? I never see one on the road anywhere I go. Was just commenting over the last weekend as we were heading to the store that I have never seen a Chevy Volt on the road.
We see many a Prius, Some of those Honda’s, and a few Nissan’s, but never anything else.
There is a guy running an old Chevrolet Electric car from the first time they ventured into that business. Looks showroom. I think the guy is a collector. I think they were called the EV-somethingerother.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.