September 1, 2011

OOPS: Solyndra Filing A Disaster For Obama. “Wow, which radical right-wing deathbeast Obama-hating Rethuglican Web site ran that headline? Err, NBC’s Bay Area affiliate.” Yeah, this whole “Green Jobs” thing isn’t working out so well.

UPDATE: Solyndra solar company fails after getting controversial federal loan guarantees. “A company that served as a showcase for the Obama administration’s effort to create jobs in clean technology shut down Wednesday, leaving 1,100 people out of work and taxpayers obligated for $535 million in federal loans.” Follow the money.

ANOTHER UPDATE: “You will be shocked to learn that Solyndra’s majority owner, Oklahoma billionaire George Kaiser, was a major fundraiser for the 2008 Obama-Biden campaign.” Like I said, follow the money.

What’s amazing about the Obama Administration isn’t the corruption, which we’ve seen before. It’s the crudity and obviousness of the corruption.

Coupled with ineptitude. Reader Patrick Kelly writes:

I read the WaPo article on Solyndra. This quote from Solyndra’s CEO really stood out:

“This was an unexpected outcome and is most unfortunate,” Solyndra chief executive Brian Harrison said in a statement. “Regulatory and policy uncertainties” made it impossible to raise capital to quickly rescue the operation, he said.

I guess that’s what you get when you dance with the devil. The same government that can take other people’s money to make your company work can also regulate your company to the point where you can’t raise capital from any other source.

Oft evil will shall evil mar.

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