Green energy companies are shutting down all around the Nation, which were backed by billions of tax payer money. Thousands of jobs are lost, and the money will probably never be repaid.
Solyndra in May of 2010 welcomed obama , he wanted to promote the climate and energy legislation that made its debut in the Senate.
obama threw his weight behind the company (the kiss of death) to help it succeed. Solyndra has been a favorite of the Obama administration and Department of Energy loan funding.
obama said in his speech at Solyndra:
we can see the positive impacts right here at Solyndra. Less than a year ago, we were standing on what was an empty lot. But through the Recovery Act, this company received a loan to expand its operations. This new factory is the result of those loans.
Since the project broke ground last fall, more than 3,000 construction workers have been employed building this plant. Across the country, workers — – across the country, workers in 22 states are manufacturing the supplies for this project. Workers in a dozen states are building the advanced manufacturing equipment that will power this new facility. When it’s completed in a few months, Solyndra expects to hire a thousand workers to manufacture solar panels and sell them across America and around the world.
And this in turn will generate business for companies throughout our country who will create jobs supplying this factory with parts and materials. So there’s a ripple effect. It’s not just localized to this area.










