Last May, President Obama gave a one of his 'feel good' speeches at the Solyndra plant that made solar panels in California and gave it high praises: "It's clear that Solyndra is leading the way the a brighter and more prosperous future."-Barack Obama, May 26, 2010
Pr. Obama at Solyndra (1) California Solar Plant - YouTube
And something over a half billion ($535 million?) in loan guarantees out of the stimulus money went to Solyndra who just incidentally was a major supporter of Obama's campaign and the DNC.
Shareholders and executives of Solyndra, a green energy company producing solar panels, fundraised for and donated to the Obama administration to the tune of hundreds of thousands of dollars.
Tulsa billionaire George Kaiser, a key Obama backer who raised between $50,000 and $100,000 for the presidentÂ’s election campaign, is one of SolyndraÂ’s primary investors. Kaiser himself donated $53,500 to ObamaÂ’s 2008 election campaign, split between the DSCC and Obama For America. Kaiser also made several visits to the White House and appeared at some White House events next to Obama officials.
Read more:
Bankrupt Solar Company | Obama Administration | Campaign Donations | The Daily Caller
And then WAPO broke the story that e-mails show that last September, the Administration was rushing the money to Solyndra before allowing appropriate authorities verify and check out whether the loan guarantee (that the taxpayers are now stuck for) met mandatory federal guidelines. So Solyndra got their unsecured and non checkout out loan just before Joe Biden went on television to announce that this would create a 1000 permanent jobs in a green industry.
Solyndra Scandal Deepens, Hands Issue to Republicans - Yahoo! News
And we also now know via NBC and others that some were alerting the administration months ago that Solyndra was not selling any panels or was selling them below cost and they would be out of money by September 2011.
Solyndra filed for bankruptcy last week.
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I would like to devote this thread to a discussion, civil if at all possible, of Solyndra and all the deals, legislation, policy, and programs, enacted or proposed, that do not meet the smell test for being above board, honestly presented, reasonable or competent.
I realize I am at risk of being reported to AttackWatch here.