Saturday, September 17, 2011
Solyndra among five Obama stimulus firms to go bankrupt. Three of the firms were “green jobs” alternative energy firms.
According to reports it appears Obama has failed yet again. This time he failed (or was it lied) in creating jobs in the "Green" energy sector. What is his solution? SPEND MORE ON A FAILED STIMULUS AGENDA. If it didn't work the first time lets try try again. After all it's only taxpayers money.
FOX NEWS: Solyndra, the solar panel company whose highly publicized failure and consequent investigation by federal authorities has flashed across headlines recently, isn’t the only business to go belly up after benefiting from a piece of the $800 billion economic stimulus package passed in 2009.
At least four other companies have received stimulus funding only to later file for bankruptcy, and two of those were working on alternative energy.
Evergreen Solar Inc., indirectly received $5.3 million through a state grant to open a $450 million facility in 2007 that employed roughly 800 people. The company, once a rock star in the solar industry, filed for bankruptcy protection last month, saying it couldn’t compete with Chinese rivals without reorganizing. The company intends to focus on building up its manufacturing facility in China.
Now if that was not bad enough that he failed yet again in leadership, we also find out that those who got the $ 500 Billion then spent $ 1.9 million to Progressives and far left lobbying firms to try to get even more tax dollars.
New York Times: According to records filed with the Clerk of the House and a search of disclosure forms compiled by the Center for Responsive Politics, Solyndra spent nearly $1.9 million on lobbying activities over a period of 43 months from 2008 to 2011.
So now you know where some of your tax dollars went. They paid lobbyist to get even more taxpayer money from the Big Government Obama has created these last three years. Was that the change you were wanting when Obama got elected?
Posted by David H. at 7:02 AM