August 31, 2011

THE USUAL OBAMA GOLDEN TOUCH: Solyndra to Declare Bankruptcy: President Obama touted the facility only a year ago. “Solyndra, a major manufacturer of solar technology in Fremont, has shut its doors, according to employees at the campus. . . . Solyndra was touted by the Obama administration as a prime example of how green technology could deliver jobs. The President visited the facility in May of last year and said ‘it is just a testament to American ingenuity and dynamism and the fact that we continue to have the best universities in the world, the best technology in the world, and most importantly the best workers in the world. And you guys all represent that.’ The federal government offered $535 million in low cost loan guarantees from the Department of Energy. NBC Bay Area has contacted the White House asking for a statement.”