Solar Energy Company Touted By Obama Goes Bankrupt - ABC News A half a billion of OUR tax dollars went to this company and now Obama wants us to trust him with more of our tax dollars to create more jobs? This is the 3rd company Obama has directly involved himself in that has gone belly up. When will the left learn that govt can't create free market jobs but instead they simply need to get out of the way. Snipit Regulatory and policy uncertainties in recent months created significant near-term excess supply and price erosion, Solyndra president and CEO Brian Harrison said in a statement. Raising incremental capital in this environment was not possible. This was an unexpected outcome and is most unfortunate.