Obama has repeatedly touted green jobs as the solution to the ailing economy. Even though Spain proved green technology is not quite ready to shoulder the load, and forcing it too early is disastrous (they bet the farm on green and now have 21% unemployment). But Obama continues to force it, and yet another $535 million dollars went down the drain. Glenn reports on the latest solar company to get huge sums of federal cash only to go belly up.
Obama said, " The companies like Solyndra are leading the way toward a brighter and more prosperous future. The true engine of economic grown will always be companies like Solyndra."
What happened to Solyndra? They've gone bankrupt!
"They received $535 million, half a billion dollars in your money," Glenn said.
"And one year and three months later, bankrupt. Done. Bye-bye. Their employees are now looking for jobs," Pat explained.
"I don't even understand that. If you have a $539 million, even if you sell zero solar panels, how do you go out of business?" Stu wondered.
"Do you think there would be an investigation on corruption or what this business did or how it got its money? Do you think anybody will say anything about it?" Glenn asked.