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Solyndra Filing a Disaster for Obama
NBC Bay Area ^ | Wednesday, Aug 31, 2011 | Scott McGrew

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 ...


TOPICS: Breaking News; Business/Economy; Front Page News; Government; News/Current Events; US: California
KEYWORDS: agw; climatechange; corruption; democrats; envirofascism; fraud; globalwarming; globalwarminghoax; gorebullwarming; green; greenenergy; greenpower; liberalfascism; loanguarantees; obama; obama4bankruptcy; obamanomics; obamatruthfile; solar; solyndra; subsidies; thegreenlie; youpayforthis
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To: green iguana

Do you think that has something to do with GE buying half of them?


41 posted on 08/31/2011 10:45:05 AM PDT by ArmstedFragg (hoaxy dopey changey)
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To: muleskinner

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.


42 posted on 08/31/2011 10:47:11 AM PDT by dead (I've got my eye out for Mullah Omar.)
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To: muleskinner

obama is the reverse Midas: everything he touches turns to #h!t.


43 posted on 08/31/2011 10:50:49 AM PDT by Second Amendment First ("Those who hammer their guns into plows will plow for those who do not..." - Thomas Jefferson.)
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To: dila813

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.


44 posted on 08/31/2011 10:51:26 AM PDT by henkster (Socialists and liberals all want jobs; they just don't want to work.)
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To: All
"One of Solyndra's major investors was George Kaiser, an Oklahoma billionaire who raised between $50,000 and $100,000 for Obama during the 2008 election."

ABC News: http://abcnews.go.com/Blotter/white-house-backed-solar-solyndra-company-collapses/story?id=14420755

45 posted on 08/31/2011 10:52:32 AM PDT by Oldeconomybuyer (The problem with socialism is that you eventually run out of other people's money.)
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To: muleskinner

How’s that Hope and Change working out for ya?


46 posted on 08/31/2011 10:56:05 AM PDT by TexasRepublic (Socialism is the gospel of envy and the religion of thieves)
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To: ArmstedFragg

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.


47 posted on 08/31/2011 10:59:03 AM PDT by green iguana
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To: PMAS
What never ceases to amaze me is not how they're on the take, it's how cheap it is to buy one. GRONET, CHRISTIAN PORTOLA VALLEY,CA 94028 SOLYNDRA/CEO 6/29/2010 $1,000 Boxer, Barbara
48 posted on 08/31/2011 11:01:50 AM PDT by End Times Sentinel (In Memory of my dear Friend Henry Lee II)
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To: luckybogey

“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....


49 posted on 08/31/2011 11:09:01 AM PDT by tcrlaf (PREFRONTAL LOBOTOMISTS FOR OBAMA2012!)
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To: cicero2k

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.


50 posted on 08/31/2011 11:09:09 AM PDT by colonialhk (Put them in green jails doing green jobs)
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To: henkster

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


51 posted on 08/31/2011 11:11:01 AM PDT by dila813
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To: muleskinner

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.


52 posted on 08/31/2011 11:11:40 AM PDT by Eldon Tyrell
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To: Second Amendment First

Including Moochelle. LOL


53 posted on 08/31/2011 11:13:16 AM PDT by ExTexasRedhead
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To: Mikey_1962

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.


54 posted on 08/31/2011 11:13:48 AM PDT by PghBaldy (War Powers Res: http://avalon.law.yale.edu/20th_century/warpower.asp)
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To: muleskinner

Another 1,100 jobs created or saved by Obama. /s


55 posted on 08/31/2011 11:14:16 AM PDT by newzjunkey (Boehner should take Nancy's advice: "Just say no.")
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To: ArmstedFragg

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.


56 posted on 08/31/2011 11:23:11 AM PDT by green iguana
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To: muleskinner

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?


57 posted on 08/31/2011 11:23:42 AM PDT by existentialist
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To: muleskinner

58 posted on 08/31/2011 11:28:43 AM PDT by WOBBLY BOB (My mind is like a steel trap: rusty and illegal in 37 states.)
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To: muleskinner

nicely timed for his “doubling-down on green jobs” address too


59 posted on 08/31/2011 11:41:33 AM PDT by Buckeye McFrog
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To: green iguana

“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.


60 posted on 08/31/2011 11:48:01 AM PDT by rockinqsranch (Dems, Libs, Socialists, call 'em what you will, they ALL have fairies livin' in their trees.)
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