Quote:
Originally Posted by justplugit
Prolly be another $80 Billion "Green Economy"stimulus like the last fiasco
that created or SAVED 225,000 jobs at a cost of $335,000 per job.
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yup....
A solar energy company that intends to file for bankruptcy received $535 million in backing from the federal government and has a cozy history with Democrats and the Obama administration, campaign finance records show.
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.
Solyndra also spent $550,000 lobbying Congress in 2010. Between 2008 and 2011, the company spent more than $1 million lobbying for bills including the “American Clean Energy Leadership Act of 2009″ and the “Solar Manufacturing Jobs Creation Act.”
Despite Solyndra’s recent bankruptcy announcement,
the Department of Energy and the White House insist the investment was not in vain.
“
The project that we supported succeeded,” a spokesman for the Department of Energy told The New York Times. “The facility was producing the product it said it would produce, and consumers were buying the product,” he said. “The company struggled because the market has changed dramatically.”
HUH?