11 more?

Despite the generous infusion of cash, the company went bankrupt last year, destroying 1,000 jobs and flushing hundreds of millions of taxpayer dollars down the toilet. Luckily for the firm’s top investors — who happened to be major Obama campaign donors — the administration generously refinanced the loan to ensure that said investors would recoup the first $75 million in losses when the company went under. And as the ship was sinking, Obama officials and Solyndra executives (who are now lining up for bonuses) assured the public and Congress that everything was fine and dandy.


H/T to Sherry 😀


11 Comments (+add yours?)

  1. Kim
    Jan 14, 2012 @ 14:42:18


  2. Kim
    Jan 14, 2012 @ 14:44:10

    We already know that the Obama administration’s stimulus-funded subsidies of green-energy firms have been rather poor investments. Solyndra, after all, collapsed while taking over half a billion dollars in taxpayer money with it, after the Department of Energy illegally subordinated taxpayer risk for later investors — mainly an Obama bundler from 2008, George Kaiser. CBS News’ Sharyl Attkisson takes a break from reporting on Operation Fast and Furious to give a closer look at the performance of Barack Obama’s bets in the green-tech sector — and says that Obama bet more than $6.5 billion of taxpayer money in junk bonds



  3. Dawgbert
    Jan 14, 2012 @ 14:48:58

    Take this Odumbo!


  4. Kim
    Jan 14, 2012 @ 14:52:56

    applause applause applause


  5. Kim
    Jan 14, 2012 @ 14:58:03

    Yesterday there was another White House document dump regarding Solyndra’s bankruptcy filing just after the 2010 elections. While Solyndra is the crown jewel in the Department of Energy’s “you can’t make a green omelette without breaking a few hundred million taxpayer eggs” trial-and-error initiative, there are many other examples.



  6. Sherry
    Jan 14, 2012 @ 15:43:26

    No surprise here-just deeper disgust.


    • Kim
      Jan 14, 2012 @ 15:46:49

      I just visualize the liar in chief passing out pallets full of money – with the caveat, of course, that they vote for him


  7. Sherry
    Jan 14, 2012 @ 16:04:25

    Watch the volume-it has quite a crescendo~


  8. Kim
    Jan 14, 2012 @ 16:15:45



  9. Kim
    Jan 15, 2012 @ 10:02:52

    a tribute to the Dancing Queen and his wife Michelle.



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