A star of the burgeoning clean energy industry frequently touted by President Obama, Senate Majority Leader Harry Reid and other national Democrats burned out today as Solyndra LLC announced that it is shutting its doors, laying off 1,100 employees and filing for bankruptcy.
This is the same firm that received the Department of Energy's first loan guarantee under Obama's economic stimulus program, worth $535 million and guaranteed by - who else? - the American taxpayer.
At the time, Obama praised Solyndra in May 2010 during a widely publicized speech at the company's new Fremont, California, facility that was made possible by the federal loan guarantee.
"The true engine of economic growth will always be companies like Solyndra, will always be America's businesses, " Obama told the assembled company employees. "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."
Look at all those "shovel ready jobs". They are shoveling bullshit!!
LameBrainMcCain 1 month ago
I can only hope this happens during The Presidential debates when Obama speaks.
memama2 4 months ago
@FRANKGG11 hey all of u blind followers of obama, this is his '' tar baby'' ! don't thumbs down my comments, i'm black.
381MEDALLION 5 months ago
@lnfinityCircle Desperate? Hey, Infinity, that is a FACT that Bush and Arnie were fake conservative GOPers. How is your Wall Street puppet Obama doing nowadays? He is playing the part of being a "warrior" for the middle class??!! LOL!!!
efrem1 5 months ago
love the "Bush or Schwarzenegger were not real Republican" meme. Just goes to show how desparate you RWNJ's have become in your efforts to remain relevant in this society that the REPUBLICANS have destroyed with so called "trickle down" economics. Next you'll be saying Reagan isn't a real Republican...lmao
lnfinityCircle 5 months ago
@lnfinityCircle Neither Bush or Schwarzenegger were real Republicans. They have several things in common with the left.
AmyLeesPetWookiee 5 months ago
@lnfinityCircle He wasn't though, he was a puppet to his wife. It all started with Jerry Brown, and now Jerry Brown is the governor again. I guess California brought him back to finish what he started there.
AmyLeesPetWookiee 5 months ago
Obama visited an energy manufacturer here in reno, the office is right next to the gate by the runway, if it should go under, fast getaway.
badattitude77769 5 months ago
Porn music would be more fitting, 'cuz this country is getting screwed.
randacnam7321 5 months ago
Oh, you Rethuglicans OWN the mess made in California by Arny. Love you some of you claim "He was no republican"...lmao pathetic
lnfinityCircle 5 months ago