Thursday, September 08, 2011

Obama blows another billion on green fantasies

KEENE: Obama blows another billion on green fantasies - Washington Times
You see, Mr. Chu and his boss have been there and done that already in California, using tax money to guarantee a massive investment in a company that was going to help usher in a brave, new and a very green world.
That company, Solyndra, declared bankruptcy not 48 hours after Mr. Chu announced his faith in Genesis. Solyndra’s founders managed to procure and eat up roughly half a billion dollars in federally guaranteed loans without making a penny in profit before declaring bankruptcy.

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