Your obviously no king midas.
Will this still be on your saved & created & your green energy investments successes list( and in your propaganda speechs?
( 4th solar company to go bust in aug?)
Quote:
President Barack Obama touted Solyndra as a poster child for clean energy after the company received the federal funds.
"Companies like Solyndra are leading the way toward a brighter and more prosperous future," Obama said during a 2010 visit to the company's Fremont headquarters.
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( but but but i bet all they need is more of other ppls money right?)
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Cringe time at White House as one-time solar fave' goes bust
(CBS News)
WASHINGTON - Solyndra LLC, a California solar-panel manufacturer that received a $535 million loan from the U.S. government, has announced layoffs of 1,100 workers and plans to file for bankruptcy.
http://www.cbsnews.com
/stories/2011/08/31/scitech/main20099928.shtml
http://www.mercurynews.com/bay-area-...nclick_check=1
Solyndra, a Fremont-based solar panel manufacturer that flared then sputtered, abruptly ceased operations on Wednesday and immediately laid off all 1,100 of its workers.
The shutdown marks a high-profile collapse of a company that received more than $1.6 billion in federal and private funding in recent years.
Solyndra workers who were laid off on Wednesday were dismissed without layoff packages.
"They are getting no severance," said Dave Miller, a Solyndra spokesman.
"They are getting nothing."
Wednesday, a stream of workers steadily filed out of the building as the lugged boxes packed with their belongings. Security guards steered them to a specific building to receive dismissal notices.
"It's devastating," Campbell resident Matthew Henry said. "There was no compassion.
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( taking care of the little guy?)
The Obama Administration wants to create jobs but the unemployment rate keeps rising --- because job creation is not a function of government. It's a function of private industry. Government can get out of the private sector's way, which will naturally result in job creation. Or they can impede private industry with more taxes, regulations and worst of all, UNCERTAINTY.
Every time the economy takes another dip, Obama takes the podium and talks about how happy days will soon be here again, if only he can spend MORE MONEY to 'spend our way out of a depression'. But it doesn't work that way - and horse apples will never be turned into gold.
http://symbolic-mirage.blogspot.com/...amanomics.html