Thursday, September 22, 2011

Solyndra, Obamabucks And Party Time

Solyndra had a lot of fun with the half billion dollars of your money that Barack Hussein Obama gave them. I'd like to know how much of it ended up in Democrat campaign coffers.
Former employees of Solyndra, the shuttered solar company that exhausted half a billion dollars of taxpayer money, said they saw questionable spending by management almost as soon as a federal agency approved a $535 million government-backed loan for the start-up.

A new factory built with public money boasted a gleaming conference room with glass walls that, with the flip of a switch, turned a smoky gray to conceal the room’s occupants. Hastily purchased state-of-the-art equipment ended up being sold for pennies on the dollar, still in its plastic wrap, employees said. 
The collapse of California solar panel manufacturer Solyndra raises new questions about President Obama's push for alternative energy--and whether White House pressure played a role in a loan guarantee that has taxpayers on the hook for millions. (Sept. 16)

As the $344 million factory went up just down the road from the company’s leased plant in Fremont, Calif., workers watched as pallets of unsold solar panels stacked up in storage. Many wondered: Was the factory needed?

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