Stimulus-Funded, "Green" company....goes Bankrupt

[Tarheel]

Here is yet another prime example of The Pharaoh's 'successful' stimulus plan at work...Solyndra, a company that The ONE himself toured just a year ago while at the same time citing it as leading the way to a successful, green, and prosperous future...has filed for bankruptcy.  The Pharaoh's administration fast-tracked a loan of over $500 million in stimulus funds in 2009.

I think that the folk at Zero Hedge have described it well (either that or they are just racists for criticizing The Pharaoh!), all emphasis in this excerpt from the same is my own:

The "Shining" Example Of Obama's $787 Billion Fiscal Stimulus Act, Solar Energy Company Solyndra, Files For Bankruptcy
Submitted by Tyler Durden on 08/31/2011 14:40 -0400

Yesterday Zero Hedge contributor Bruce Krasting had some very insightful and very prophetic words when he asked rhetorically if a "Government investment disaster in the works??" The company in question is (now former) massively subsidized solar energy company Solyndra.  Solyndra filed for bankruptcy less than 24 hours after Bruce proposed that the company is nothing but a stimulus black hole.  We congratulate him on his investigative efforts.  Alas, being private, there was no way to short it and capitalize on this investigative coup de grace.  And while there are no winners, there are plenty of losers?  Who - why US taxpayers of course. Why? Because as some may recall, Solyndra is one of the "shining examples" of Obama's $787 billion American Recovery and Reinvestment Act.  After all none other than president Obama said that Solyndra is "leading the way toward a brighter and more prosperous future.”  He also cited it as a success story from the government’s $787 billion economic stimulus package." Alas Solyndra has now become a less than shining example of the complete catastrophe this latest exercise in pointless Keynesianism has been, all on the backs of US taxpayers.  But don't worry, Obama is about to bring us a fresh new such fiscal stimulus catastrohpe any minute.  This time it will be different.
...

Source:
http://www.zerohedge.com/news/shining-example-obamas-787-billion-fiscal-stimulus-act-solar-energy-company-solyndra-files-bank

[GH2001]

Seems like I am hearing this weekly now.

[Tarheel]

Seems like I am hearing this weekly now.

The ONE will have a plan next week to fix all of this.

[GarMan]

The ONE will have a plan next week to fix all of this.

Now, the ONE has had a plan since before his vacation.  He just wasn't going to announce it until he got back from visiting Uncle Omar... 

By the way, these "green technology" companies are going out of business faster than those caught up in the Internet bust.