House Republicans are pressing forward with a probe into a $535 million loan guarantee to a California-based solar panel manufacturer, charging that the Obama administration may have improperly awarded the loan to a company whose major investor was a bundler for Obama’s 2008 presidential campaign.
The company, Solyndra, Inc., announced earlier this week that it will file for bankruptcy, putting 1,100 employees out of work and likely leaving taxpayers on the hook for much of the massive loan.
h/t to Ralph
Disrupting the Borg is expensive and time consuming!
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Shocked!! Shocked, I tell ya.
Snake oil is looking like the next big hot investment, especially if it can be claimed that it “reduces our dependence on FOREIGN oil”
Like Canada – – or Mejico
Nixon hatched the plan for global warming propaganda.
ya, but our oil is dirty….
Nixon formed the EPA too.
http://www.epa.gov/aboutepa/history/org/origins/ash.html
You can’t blame Unions for this one. Good old corporate executives stole/wasted all that money from the solar company. That’s why the FBI knocked down their doors this morning…..they’re not looking for Union leaders, they’re after the CEO and his free market buddies.
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If we could fuel our cars with liberal democrat BS, we wouldn’t need the oil and coal industry either.
RIGHT?
GM just laid off 1100 worker because the volt is totally failing!
How does this $535 million loan guarantee — negotiated by Bush Junior — compare to the 100 BILLION dollar no-bid contract Haliburton received?
Coolwhipcowboy is how! 😆