President Obama visited the solar company Solyndra on May 26, 2010 to tout his $535 million loan guarantee. On August 31, 2011, Solyndra announced it was filing for bankruptcy and laying off 1,100 employees
Signs of the failed Obama PORKULUS (Economic Stimulus and Debt) and economic policy.
The Republican National Committee wasted no time in turning Wednesday’s bankruptcy of Solyndra — the Fremont solar company touted by President Obama as the future of the U.S. economy — into a campaign web-only ad.Not a lot of production values here – mainly a pasting together of clips from our pals at KTVU and CBS5 — but the effect is devastating. The company that Obama (and many other pols) have touted and dropped $535 million in federal tax dollars on, ain’t happening. At least not now.
Green jobs indeed. Looks like throwing taxpayer money down a rat hole to me.