POWER FAILURE: Solyndra Sibling Cuts 70% of Workforce After Obama’s Donors Benefit From His Failed Energy Policies
March 1, 2012
Solyndra Sibling Cuts 70% of Workforce After Obama’s Donors Benefit From His Failed Energy Policies
Obama Shuns All-Of-The-Above Strategy, Places High-Risk Taxpayer Funded Bets on Failing Solyndra-Like Companies
Obama Shuns All-Of-The-Above Strategy, Places High-Risk Taxpayer Funded Bets on Failing Solyndra-Like Companies
At The Heart Of His National Energy Plan, President Obama Looks To Reward His Clean Energy Investors And Penalize American Taxpayers:
“Meant to create jobs and cut reliance on foreign oil, Obama’s green-technology program was infused with politics at every level…Political considerations were raised repeatedly by company investors, Energy Department bureaucrats and White House officials.
“The records, some previously unreported, show that when warned that financial disaster might lie ahead, the administration remained steadfast in its support for Solyndra.”
(Joe Stephens and Carol D. Leonnig, “Solyndra: Politics Infused Obama Energy Programs,” The Washington Post, 12/25/2011)This Week The Solar Company Abound Solar, A Company Backed By Democrats’ Taxpayer-Funded Failed Stimulus Package, Announced It Was Cutting 70 Percent Of Its Workers:
“President Obama used a weekly address in July 2010 to tout his stimulus package’s support for the solar industry. One of the companies he mentioned specifically, Abound Solar, just announced that it will lay off 70 percent of its workforce.” (Lachlan Markay, “Stimulus-Backed Solar Company Lays Off 70 Percent of Workforce,” Heritage’s Foundry Blog, 2/29/2012)
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