President Barack Obama with Solyndra Chief Executive Gronet. He toured the solar panel company in 2010.
Speaking of throwing good money after bad, The Washington Post revealed that President Obama's staff arranged for him to be personally briefed last summer on a loan program to help clean-energy companies, two months before the program was thrust into headlines by the collapse of his flagship, the solar company Solyndra, according to records. So in other words, President Obama had to known of the shaky financial position Solyndra was in when he poured millions of dollars into this company. You don't throw good money into a company that doesn't have much of a future. Solar energy as of right now doesn't have enough of a market to throw good money into a company who's financial position is shaky. Of course, our federal government likes to throw taxpayer dollars to companies that are failing. It's all about supporting their cronies in high places.
To read the full story, click on the above link at TheWashingtonPost.com.
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