Obama admin approves 2 solar loans worth $1B (Obama blows $1 billion more taxpayer's money)

google ^ | 9/28/2011 | By MATTHEW DALY

[57Chevy]

HOLD OBAMA ACCOUNTABLE!!!!!!! VOTE HIM OUT, and all of the other Crooks. Pelosi, Reed and the communist!!!!!!!!!

[GAB-1955]

At least in this case, the liberals were thinking of providing capital to a business that produced a product. Give them partial credit for that. The product was one that no one wanted that much - though in bankruptcy, Solyndra’s technology is worth enough to be bought for cents on the dollar - but it was a product.

However, if you want to invest in energy, why not just buy a car company and force efficiency? Oh, yeah, now I remember why...

[GAB-1955]

I don’t know. The power generated should bring in income. I would make them pay rent and fees for generated power, payable to the Treasurer of the U.S. But I’m not President, nor even Secretary of Energy.

[Bellflower]

The Obama cartel at it again.

[Bellflower]

The money that went to Solyndra was completely wasted on a super fancy building for a bankrupted company. I wonder what the idea of that is? Just wasting our money and giving out jobs to union members? You have to wonder what the real plans for this money are.

Solyndra's multimillion-dollar white elephant

The glass-and-metal building that Solyndra LLC began erecting alongside Interstate 880 in Fremont in September 2009 was something the Silicon Valley area hadn't seen in years: a new factory.

It wasn't just any factory. When it was completed at an estimated cost of $733 million, including proceeds from a $528 million federal loan guarantee, it covered 300,000 square feet, the equivalent of five football fields. It had robots that whistled Disney tunes, spa-like showers with liquid-crystal displays of the water temperature, and glass-walled conference rooms..........

http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2011/09/28/BURG1LAO3J.DTL