One of the corporate welfare recipients beloved by the Obama administration, showered with taxpayer money without creating any new jobs...


Re-posted here:

  • meforcl 4y

    Solyndra's DOE loan was approved during the Bush administration. Construction of the fab employed over 3,000 workers. Solyndra continues to hire new employees each week. Need to get your facts straight.
  • John Martinez Pavliga 4y

    meforcl, Solyndra got their cut of the Obama administration's $787 billion American Recovery and Reinvestment Act "stimulus" in 2009. It wasn't Bush, so please retire that absurd assertion.

    Not a single Republican in the House voted for this monstrosity, and only three Republicans in the Senate voted for it. Obama signed it. And his team picked the winners who got payoffs from it.

    It's certainly true that Bush (wrongly) pushed for bailouts of banks (not Solyndra). But that first error does not give Obama a free pass to engage in unlimited acts of of crony capitalism and favors for friends.

    When the government confiscates money from regular working stiffs like me and hands it over to well connected rich people who own favored corporations, it's corrupt. It's morally reprehensible. And it's business/government as usual.

    Re: Solyndra layoffs last fall despite getting my and your money...
  • 89AKurt 4y

    meforclTroll with zero information in profile...
    In other words, it's all Bush's fault. The Obama Administration had nothing to do with it. Ignore the PR stunts.

    ... In addition, no business investment is risk-free, especially in a volatile new technology market such as clean energy, argued White House spokesman Jay Carney. ...

    Gotta love that logic! Get the taxpayers to involuntarily take the risk. Why doesn't Al Gore invest his fortune in these companies? I'm sure George Soros could risk some of his billion$. But no, it's easier to use Other People's Money. Bad enough to subsidize, it's a disgrace to waste, especially for political reasons.
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