[Mr. K]

So... private investors who knew this would fail, got Obama to guarantee them against losses

I wonder if they contributed to his campaign in return

[engrpat]

I heard it’s all Bush’s fault.

I am waiting for some democrat to say, "its only sex." Yea it is, it is the taxpeyer that is getting screwed.

[bruinbirdman]

"So... private investors who knew this would fail, got Obama to guarantee them against losses"

The Obammunist and his comrade Dingy Harry Reid have a better plan. They are selling 7500 acres of Nevada to the ChiComs so they can manufacture thesolar panels.

The announcement of Solyndra bankruptcy was purposefully withheld until the day after Dingy Harry announced his deal with the ChiComs.

""Oh, gee Solyndra is bankrupt? Look, the ChiComs will show us how to do it the collectivist way?"

ENN Chairman talks about Laughlin project

LAS VEGAS - Yusua Wang is the chairman of the Communist Chinese company ENN Group that has launched an effort to land Laughlin a large solar generating farm accompanied by a valuable thin solar panel manufacturing plant.

Wang said he looks forward to finding breakthroughs to push down the cost of solar and other clean generating sources so the alternates to coal and oil become the market driver. He said energy distribution also needs to become smart, to become part of a holistic energy system.

This will require a collective effort, he said.

The chairman put the initial investment in the Laughlin project as $5 billion. “We're hoping as it develops we will expand our investment,” he said.

He said he envisions generating 1 gigawatt of electricity within a decade of opening ENN's largest American facility at Laughlin.

“We are committed to our U.S. businesses,” he stated.

Wang spoke in Chinese on Aug. 30 at Sen. Harry Reid's 4th annual Clean Energy Summit to a large audience at the Aria hotel on the Las Vegas Strip, heard in English through a translator.

Governor touts proposed solar project in Laughlin

The estimated $6 billion project would be inside the boundary of the proposed city of Laughlin.

Final county zoning approval would come, under the normal schedule, in early October. The rezoning is not for the entire project; the initial request was for more than 8 sq.-mi. of the county-owned 14 sq.-mi.

Overall, the Red Chinese ENN wants to buy some 5,400 acres, with 400 acres on the east (downhill) side of the highway reserved for the factory; the uphill solar farm would use low-water consumption photovoltaic panels manufactured at the factory in two to four modules.

yitbos