Another Solar Company That President Obama Gave Billions In Taxpayer Dollars Is Declared Bankrupt

Bad Barack Investments

Obama: okay, so maybe they didn't work

Solar Trust for America has been declared bankrupt by the Obama Administration, after the president gave the company $2.1 billion dollars in taxpayer money. Solar Trust for America is another of President Obama's green Company projects that has gone belly up.

The Judiciary Report has consistently warned against such initiatives, as the nation is currently not on solid financial footing. Amazingly, President Obama is not off these green companies and giving them large amounts of taxpayer money, though several of them have hit bankruptcy.

This is very unwise. This taxpayer money could be better used to create jobs in industries that are proven winners and moneymakers. It is a grievous mistake to keep pumping taxpayer funds into entities that keep failing. It is the definition of financial insanity.

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STORY SOURCE

Solar company bankrupt despite 'win-win' Department Of Energy loan

The Small Business Association Lacks Money To Help Americans While Solar Companies Given Billions Then Fail

Barack Obama

A friend asked me to research grants online for her and I was amazed at what I found. As many of you know, a few of President Obama's top campaign donors were given tens of billions of dollars in taxpayer funds to start solar companies that went on to fail in a major way between 2009-2012.

Yet, now when you check the Small Business Association (SBA), which for many years gave grants and training to people in America to start their own businesses, all you'll see is a message that states, "How do I get a small business grant? At this time, Congress has not set aside any monies for grants to start and/or expand a small business..." (http://www.sba.gov/content/how-do-i-get-small-business-grant).

I remember during the Clinton Administration, if you took a six week course with the Small Business Association and formulated a decent business plan during said time, the SBA would give you $5,000 to start your own business, which helped a lot of people and created revenue streams via entrepreneurial endeavors in America. The $20,000,000,000 President Obama gave to a handful of companies such as Solyndra, which all went on to fail in the solar industry, could have gone much further in the economy as smaller grants and loans at the Small Business Association.

Obama's business plan helped a few campaign donors that blew billions, when it could have helped thousands of entrepreneurs with a greater probability of success in local communities all over America. I have only one question. Why?

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resident Obama Nixes Canadian Oil Pipeline To America That Would Have Created Jobs And Revenues

President Obama Nixes Canadian Oil Pipeline To America That Would Have Created Jobs And Revenues

It's amazing that President Obama gave away $18,500,000,000 in taxpayer money to his campaign donors in the green/solar industries, for companies that have since filed bankruptcy and failed, laying off thousands, yet he nixes the Canadian Oil Pipeline to Texas in America that would have created jobs and revenue. Oil is a proven revenue source. Solar, though it is useful, is not. What is wrong with this picture.

Barack Obama

President Obama scrapping the pipeline is another example of his poor business acumen and terrible choices in the area of economics. This is not good business strategy. America cannot take another term of such poor decision making. President Obama has a bias against oil and gas, as it does not fit with his costly, failure prone green vision for America and it is burning a lot of business people in the nation and abroad. He is not being practical and it is costing America plenty.

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The Obama Administration Lost Billions In Taxpayer Money On More Green Companies That Failed (Video)

The Obama Administration Lost Billions In Taxpayer Money On More Green Companies That Failed (Video)

Green Doesn't Often Mean Green, As In Money

Obama, who has been signing the money away for three years, is a bad investor

Many believed the solar company, Solyndra, whose failure cost the American taxpayer $500,000,000, was the only failure in the sector that President Obama gave the nation's money to, but there's more. A CBS News report indicates the Obama Administration spent many billions of dollars in taxpayer money on other green initiatives that have failed.

The report states 80% of the U.S. Department of Energy's $20,500,000,000 budget, comprised of taxpayer money, went to President Obama's donors, on companies that failed and are in bankruptcy or facing it right now. Going green is good, but the government handled it the wrong way and for political reasons, in deeds that have now cost the U.S. taxpayers a significant amount of money added to the national debt.

These companies were green in another way, as in unproven and risky. For years the Judiciary Report warned in articles that Obama should avoid untried and unnecessary spending and even named green and solar initiatives in that category, as it would be a hindrance in getting the nation out of the financial crisis.

And though over 20 divisions of the U.S. government have been reading this website for years, including the White House, they did it anyway and ran head on into this calamity they were warned by this website would happen. It's amazing how some heads of state sign away the people's money said leaders could not earn or repay in their lifetimes. It is careless, reckless and arrogant.

Side Bar: Jesus Himself could have come down from heaven in 2008 and told Obama do not spend the people's money on these green companies, as it will put the nation further in debt to no good results and the first thing out of Obama's mouth would have been, "But they are my campaign donors..."

These corrupt campaign donors and those in Hollywood did not put Obama in office, the American people did in big numbers, but these rich and famous folks using the President are going to get him thrown out of office with their foolishness the nation is witnessing unfold online.

STORY SOURCE

CBS News: Obama’s 11 More Solyndras

In the wake of Peter Schweizer’s explosive revelation that 80 percent of the Department of Energy’s $20.5 billion in green energy loans went to President Barack Obama’s fundraisers and donors, CBS News is now reporting that the Obama Administration spent billions of taxpayer dollars on 11 more Solyndra-style loans to so-called green energy companies that have since gone bankrupt or are facing serious financial difficulty...

http://biggovernment.com

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U.S. President Barack Obama is in more trouble, due to stimulus funds he issued that did not benefit America. It has been revealed, Obama gave a new company called Fisker $529,000,000 in taxpayer funds, via the failed stimulus, for the unit to build electric cars in Finland, rather than America. This resulted in U.S. taxpayer funds creating jobs abroad, rather than in America.

Barack Obama

Add this to the billions more in stimulus funds that did not stimulate the U.S. economy, such as Obama personally giving solar company Solyndra $500,000,000 in U.S. taxpayer funds, only for the company to go bankrupt shortly after and it becomes evident the president is not good with money or astute at making wise financial investments. America needs a president that understands business and trade and how to generate jobs and revenues.

STORY SOURCE

Car Company Gets U.S. Loan, Builds Cars In Finland

Conrad Murray Found Guilty Of Involuntary Manslaughter In The Death Of Michael Jackson

Dr. Conrad Murray, the physician of the late pop star, Michael Jackson, who died in 2009 from a pharmaceutical drug overdose at age 49, was unanimously found guilty today of involuntary manslaughter by a jury in Los Angeles, California. Murray was taken away in handcuffs, with the jury finding him culpable for overmedicating the singer into an early grave via overdose. The judge and jury did a good job during the case and should be commended for their efforts.

Murray will be sentenced shortly and faces up to four years in prison. However, as he has no priors, he may only receive months in the Los Angeles County Jail or even house arrest, which would be a miscarriage of justice. The government needs to allot more money to build new prisons in California, rather than wasting taxpayer funds on companies like Solyndra.

Michael Jackson

Often, stars such as Lindsay Lohan, break the law via DUI, endanger the public, then waltz out of prison within hours, on longer sentences, as she did today. This ought not be, as many criminals are not deterred from committing crime, believing in Los Angeles they will get next to no time.

Side Bar: it's amazing, in Florida and Texas, you commit certain crimes and you'll have to struggle really hard for them not to fry you up like a catfish (in the electric chair). In California, you'll be out in 1/20th the time. That needs to change.

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Why Is President Obama Making Such Poor Investment Choices

Who Is Advising Him Or Is He Thinking Off The Top Of His Head

Barack Obama at Solyndra

U.S. President Barack Obama has made a number of failed investments using billions in taxpayer money that will not be seen again. That money is gone. He heavily invested in the solar, green and banking sectors to disastrous results. One has to wonder if he is using gut feeling to make these risky investments, as had he utilized due diligence, cost analysis and projected profit reports, he would have seen the lack of profitability and feasibility of his choices.

Should presidents be allowed to sink billions in taxpayer funds into pet projects and companies owned by campaign donors, especially those labeled "bundlers" (people bringing in $250,000 or higher in campaign donations). There exists a massive conflict of interest that is not in the nation's best financial interest.

STORY SOURCE

‎The Other Solar Failure

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This Gamble Cost The Taxpayers Over $500,000,000

Barack Obama

On July 20, 2011 the Judiciary Report published the article "When It Comes To Debt The Obama Administration Has The Mindset Of Gamblers." Almost three months later, on Thursday, October 6, 2011, President Obama stated in an interview, regarding the failed solar company Solyndra, which he personally backed and underwrote with $500,000,000 in U.S. taxpayer money, it seemed like "a good bet." Mr. Obama just proved the Judiciary Report's previously claims correct once again.

The government has not been using sensible methods to decide which companies and organizations received stimulus funds or how to correct the economy, which is why each attempt at a real recovery keeps failing. You cannot have the mindset of a gambler in public office, especially when it comes to taxpayer money, as it will end in disaster. There's a science to it.

Once again, proven industries, with strong track records, should have been first priority for stimulus funds, with tight restrictions on what can or cannot be done with the money (i.e. no hoarding, misappropriation, embezzlement, offshore accounts, splurging, wasteful expenditures, big bonuses, sizable raises with the money - even going so far as listing unacceptable percentage increases in pay).

Another problem I have noticed is the Obama Administration, much like George W. Bush (Mr. "Laissez Faire" more like "Lazy Fare" when it came to Bush) before him, is too hands off with the economy and it has and continues to breed bad results. One has to get involved. You can't just dole out money, let the chips fall where they may (another gambling term) and expect it to all turn out okay. Why would the nation need a president, if the country desired lack of supervision, input or involvement from said elected leader. Think about that!

If I were a head of state, one of the first things I would have done upon taking office, especially in this economic climate, is make a list of the nation's top companies, then formally asked them how I could help them increase revenues and present my ideas on how said goal can be achieved. Strengthen what you have that works. It's not a matter of being greedy, but a country needs jobs to keep citizens working and productive, in order to feed their families. One also has to shore up manufacturing, but Obama has not done that. In a big nation like America, that was imperative.

Personally, I don't think Obama is okay, as something's gone wrong with him. He is not listening to reason, science or even history nor is he following any national business plan that is logical. Special interests and lobbyist have gotten their hooks too deep into him and have given him false assurances about the financial measures they have asked him to take, regarding how they will pan out.

Obama has squandered many great opportunities to turn the economy around, via not properly taking the reins on stimulus spending, doing too much of it, giving the money to certain corporations that did not deserve it and failing to raise taxes on the rich as soon as possible, after attaining office.

Some state Obama would have fallen out of favor with the rich and influential, but so what. They aren't the majority in most nations (and their bills are paid). As head of state, I wouldn't have worried about the rich. When they are eating lobster and caviar, they wouldn't be thinking about me. But the poor, who do not have enough to eat, would be thinking about me, wondering why as head of state, I did not help them.

Mr. Obama is going the wrong way with the economy, as the Judiciary Report has warned for two and a half years. Now he only has a few months, not even a year, to change things before the next election is in full swing, which really isn't any time.

Congress really isn't much better. It would be good to see the government change, but they are not doing it, which means the public will have to change them via their vote and hope the next set will possess more economic savvy and political prowess.

STORY SOURCE

Obama defends loan to Solyndra, calling it a 'good bet'

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Artificial Growth - Part 2

Artificial Growth

President Obama Was Ready To Give Solyndra $500 Million More After Finding Out The Company Is Failing

Barack Obama

U.S. President Barack Obama, was ready to dole out $500,000,000 more in taxpayer funds to failed solar company, Solyndra. This is after having given the company $535,000,000 in taxpayer money. The mere fact he was willing to risk so much in taxpayer money again, even after the company failed, says he is not being a good steward of the U.S. economy and his investment abilities are horribly flawed.

President Obama is stuck on the notion that failure is to be rewarded (stimulus after stimulus). He has tried the same policies over and over for nearly three years, yet the U.S. economy continues to worsen. However, he wants to try more of the same, spending enormous sums of taxpayer money in the process, running up the national deficit. Albert Einstein once said the definition of insanity is, "Doing the same thing over and over again and expecting different results." You think about that.

Obama's presidency has become so staged and contrived at this point and the public can sense it. You can't fake success nor can you fool it. Hard work is required. Attempting to buy one's way out of trouble does not truly work. It creates a deeper crater each time, until everything collapses and is exposed as rot.

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Greedy Green

Even After The Bankruptcy Of Solyndra Obama Rushes Through Billion More In Green Loans

Barack Obama at Solyndra

After the massive collapse and bankruptcy of U.S. President Barack Obama's $535,000,000 pet project, funded by the taxpayers, known as the solar company Solyndra, most would think the administration would be more cautious in doling out the people's money in said sector of the economy. Not so.

The Obama Administration has just rushed out $9 billion dollars more in taxpayer money to the solar industry, in an attempt at beating China, which has cost effectively perfected the sale and distribution of said apparatus, at a very low cost.

Once again, as the Judiciary Report has stated for 2 and a 1/2 years, these non-necessity initiatives need to be placed on the back burner, until America is on stronger financial footing. The taxpayers and the nation deficit cannot afford any more costly mistakes.

If I were a head of state facing the financial problems America is, I would stick to proven industries that can provide quick and robust returns and shore them up. You reward success, not failure. Yes, it is wise to not give up, but one must use common sense and moderation in how one goes about things, when trying again, especially when the financial stability and success of a nation of 305,000,000 people are at stake.

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How Did The Obama Administration Get To The Political Point Of Zero Jobs Created

Why Did His Advisers Not Warn Him Of The Pitfalls

Left to right: President Barack Obama, Vice President Joe Biden and House Speaker John Boehner

The Judiciary Report is disappointed that President Obama has the tag of "zero jobs created" attached to his name, in a presidency that held so much promise, but has gone terribly awry (Stunning New Rick Perry Presidential Ad Paints Obama As ‘President Zero’). However, Obama chose a path that was financially risky, ignoring many warnings that what he has been doing will turn out badly...and it did.

Infrastructure Spending

From early in his presidency, the Judiciary Report, warned against Obama trying to replicate what former president, Dwight Eisenhower did, via massive infrastructure spending. In the October 21, 2010 article Obama Trying To Be Dwight D. Eisenhower the Judiciary Report warned against Obama's profligate spending in this area of commerce.

Hefty infrastructure spending sounds good on paper, but it led to a recession during Eisenhower's time. The site gave an explanation for the warning and that being we live in different times that cannot be applied to Eisenhower's era. President Obama found this out the hard way. In the end, Obama's "shovel ready" jobs were anything but and turned out to be a bust. Architecture often has a lot of red tape for safety reasons. You don't want to build, repair or retrofit structures without the proper schematics and workers, which takes time.

Stimulus

Obama was not tough enough on corporate stimulus recipients, something the Judiciary Report warned against before the wild spending began (Obama Calls For Job Summit). There was no fear of what would happen to them if they hoarded, misappropriated or embezzled taxpayer funds, so they did what they wanted to with the money. Obama was trying to win their affection and support by buying them with federal taxpayer money, given as handouts, but this was ill-advised.

You cannot be a chummy friend to industry, when you are the government. You are a regulator and overseer. There needs to be clearly defined lines that must not be crossed. You can't trust people with that much money. It doesn't matter what nation, as there will be someone with a bright idea on how to steal it. Too much temptation to steal cookies from the jar has proven the downfall of many.

One can't just say, "Here's a billion dollars, go create some jobs" as some will think, "It's more like I'll create some offshore bank accounts." To this day, there has been no real accountability with taxpayer funded corporate stimulus funds. Some companies need to return the money under the penalty of imprisonment, for misuse of the funds. There should have been ground rules - if you mess up with this, I'm going to mess you up (within the law, of course).

At this point, hypothetically speaking, the government would have been better off giving the money to McDonalds, Walmart or Apple, though they did not need it, as they created jobs during that time period, where others on Wall Street failed to do so. Let's face it, Wall Street has become Hoard Street. The stimulus screening process is very poor.

Frivolous Initiatives

Even in the face of the fiasco that has become Solyndra, President Obama, is still trying to push through $9 billion dollars in taxpayer money for similar solar and wind projects. These are risky investments that can wait, until they can be done more cost effectively and at a real profit. This was and is not the time for the new and experimental, when you are struggling with an economy that is in dire straits. You do that when there are surpluses, not detrimental debt and skyrocketing deficits.

The president needs to focus on the meat and potatoes of economic earnings, not the costly caviar and champagne model. Sound, proven strategies and products. Not items and initiatives with a big question mark over their potency and profitability.

Criminals In The Corporate World

No world economy can thrive with a significant number of fraudsters in its midst and Wall Street is still suffering from this problem, even with the arrests of Bernard Madoff and Allen Stanford. For years, the Judiciary Report has state the government is covering up the crimes of high profile financial criminals (Cleaning Up Corporate America, How George Bush Destroyed The U.S. Economy and This Is Not "Wall Street").

Even with the battering the economy continues to take, the government refuses to arrest a group of known fraudsters deteriorating the nation's bottom-line. Too big to fail also extends to too big to arrest.

Bad Advice

President Obama has listened to all the wrong people - particularly Hollywood, which loves to invoke Ronald Reagan as an excuse for meddling in politics, when they don't know what they are doing. While I didn't agree with everything Reagan did, the man was no idiot. He was a university educated actor turned politician, that came from the old school, where a premium was placed on intelligence.

There is not one modern actor or singer in Hollywood that could hold a candle to Reagan in this regard. Nowadays, you'll find, most stars are occult worshiping, mental patients waiting to happen, masquerading as celebrities (see: Britney Spears, Lady Gaga, Madonna, Nicki Minaj and Charlie Sheen, to name a few).

Executives From Obama's Bankrupt Solyndra Will Plead The Fifth In Congressional Hearing

Barack Obama

Reuters is reporting today that executives of the newly bankrupt solar company, Solyndra, who President Obama fully backed, attended their corporate meetings and gave $500,000,000 in taxpayer money the country will never see again, will plead the fifth in Congressional hearings, invoking the Constitution, to prevent self-incrimination. This lends the appearance of guilt on their part and the taxpayers deserve a better explanation, rather than none at all via a cop out.

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Is Bill Clinton Becoming An Obama Apologist

Latest Video Interview Seems To Indicate That

Former U.S. President, Bill Clinton, gave an interview through his foundation, commenting on President Obama and the state of the economy in America. In watching the interview, one gets the impression, Clinton has become an Obama apologist, which is not good for the country.

When the current president takes an ill-advised course of action that proves to be unsuccessful, trying to cover for him is not the answer, because as we have seen, the current administration has a habit of repeating its mistakes, to the taxpayers detriment. Even with the failure of Obama's pet project Solyndra, he is still dumping taxpayer money into similar initiatives.

The path President Obama has chosen as his method to fix the U.S. economy, has consistently proven to be the wrong one, for nearly three years. Projects he is currently proposing to put people to work, will not be up and running until at best, late next year.

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Government Gullibility: Played For Suckers Or Was Solyndra A Front For Something Else

Barack Obama to White House staffer: this is the President. I'd like for you to send some gold bricks to Solyndra and gift wrap it with the note, "From Barry, with Love."

In reading the latest information coming out about the bankruptcy of President Obama's favored Solyndra solar company, which wasted over a half a billion dollars of taxpayer money, one is left to wonder, was the government really that gullible, did Solyndra play the Obama administration for suckers or was the company a cover for something else.

$535 million dollars is a lot of money to commit to a new company, especially one with unproven products and services. Yet, the government had no qualms about doing so, fast tracking the loan within six days, jumping in head first, in what was a terrible deal from the outset. Do you know how many small businesses in America would love a simple $5,000 to $10,000 loan and can't get one, yet Solyndra received this windfall of cash.

President Barack Obama and Chris Gronet of Solyndra

The FBI demands taxpayer money from Congress, claiming it is for one thing, but behind closed doors, often uses it for illegal secret programs that shred the U.S. Constitution. Was Solyndra using taxpayer money for reasons other than what was disclosed to the public, as I find it hard to believe any company could blow through half a billion dollars and have absolutely nothing to show for it. What happened here.

I have a question, if I go to Home Depot, buy some sheets of Plexiglas, spray them black, leave them out in the sun and call it a solar initiative, will the government give me $528,000,000 to play with too. Hey, it doesn't hurt to ask.

The FBI raiding Solyndra. Yea, now they want to investigate something, after the brown stuff hit the fan and the taxpayers' money is gone

An article published yesterday in the San Francisco Chronicle indicates, Solyndra sent an "upbeat" report to the government in July 2011 and they apparently bought it hook line and sinker (Feds probe Solyndra's upbeat July report). This was six weeks before they filed for bankruptcy, yet as recently as six months ago, the Judiciary Report again warned the Obama Administration needed to drop its solar initiatives.

If I knew, shouldn't the government have known as well. You mean to tell me the White House and the FBI, an investigative agency, where the President meets with its director, Robert S. Mueller, on a weekly basis, did not know what was going on at Solyndra.

Obama at Solyndra pretending he understands what they are talking about, not realizing it is rubbish that will go on to cost the taxpayers a boatload of cash. He should have let me go there for him, because the first thing out of my mouth after their long speech would have been, "You're talking pure bull!"

It's amazing - the FBI will illegally pry into the lives of writers such as myself (FBI Reproved For Spying On Journalists), day and night, even inappropriately talking to people I know personally, in bids at unconstitutionally swaying my sites and wanting to have unflattering things about them removed, yet a company like Solyndra that was loaned a half a billion dollars in taxpayer funds, they ignored, allowing them to blow all that money and during a financial crisis.

I'm pretty sure, had you collectively asked the taxpayers, who they would have wanted you to spend taxpayer money investigating, giving them the option:

a.) a wonderful annoying, smart alec blogger with a proven track record record of exclusives, who accurately called the FBI a bunch of corrupt privacy invaders wasting the taxpayers' money (the male ego can be so fragile)

-or-

b) a company (Solyndra) loaned $500,000,000 of taxpayer money that will go bankrupt and not repay it, much like the annoying blogger in option "a" warned would fail WELL BEFORE IT HAPPENED.

I'm sure the American people would have chosen option "b" Solyndra over the irritating, smart alec blogger that didn't do anything to anyone. As usual, the FBI continues to pry into the lives of the wrong people, while the real trouble happens elsewhere.

My point? The taxpayer money you wasted watching writers like me and covering it up by hiding the Freedom of Information Act files that reveal it, you could have spent investigating Solyndra and stopped this waste of $500,000,000 in taxpayer money, before the damage was substantial. Personally, I'm offended.

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Will It Be Another Fiasco Like Solyndra

Barack Obama

For the past 2 and ½ years, the Judiciary Report, has consistently warned the government need not waste taxpayer money on frivolous stimulus initiatives and must guarantee a maximum number of jobs are created, if they are going to use said funds. Well, they did not listen and hundreds of billions of dollars in taxpayer money has been wasted - flushed down the toilet on frivolous misadventures, misappropriation and flat out theft and embezzlement.

Again, President Obama is back with the same speech, stating Congress must pass his latest jobs bill, but with the track record of failure under the administration’s belt in these endeavors, I’m not holding my breath anything significant will come of this. There's too much room for error and waste.

President Obama at Solyndra

Case in point, as mentioned previously, the Judiciary Report warned against Obama’s solar initiatives that later went on to fail, as the president’s pet project, Solyndra, which he sat in on meetings for, filed for bankruptcy two weeks ago, after only creating 585 jobs for $535 million dollars in taxpayer money. Other examples of egregious waste exist in Obama’s budget over the past couple years, but are being buried from the mainstream press.

Some hard questions need to be asked and publicly so, such as, how many jobs will the Obama Administration create if Congress passes its latest $447 billion dollar stimulus jobs bill, as given their history of failure in this regard, the taxpayers can't afford anymore costly mistakes. The economy has slipped away from the administration.

Side Bar: Why did Obama order the FBI to raid Solyndra last week, essentially to save face after they filed for bankruptcy, when he was very involved in the company, even attending corporate meetings. President Obama had to have known what was going on, as did the FBI/DOJ and DOE. They knew the inefficient and extravagant company was DOA, but kept supporting them with taxpayer money anyway.

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Hate To Say I Told You So, But I Told You So

Barack Obama

Solyndra, the solar company U.S. President Barack Obama, personally and publicly backed, giving the corporation $535,000,000 in taxpayer money, has filed for bankruptcy, laying off its 1,110 workers.

For a number of reasons, the failure of this company is a serious blow to the U.S. economy and the White House for underwriting it. The U.S. taxpayer is out over half a billion dollars, unemployment shall go up, jobs that could have been created with that money will not be and President Obama’s credibility has taken another hit.

The Judiciary Report warned President Obama in a string of articles to back off his solar initiative, but he did not and to disastrous results. From the beginning of Obama’s presidency, the Judiciary Report has warned that the White House, U.S. Congress, FBI, CIA and other divisions of the government, should economize and prioritize.

However, that message fell on deaf ears. Much like when I warned in 2006 via a sister site (Sound Off Column) that a financial crisis was coming and it did two years later, but the government ignored that as well, when it could have been prevented. The government has been gambling with/spending taxpayer money, like a lottery winner, splurging with newly gained funds, only to end up bankrupt in a few short years, due to poor financial planning.

Barack Obama

The Judiciary Report would like to revisit its jobs plan from early 2009 (Obama Calls For Job Summit and Nancy Pelosi Speaks About STDs), to emphasize why the U.S. economy is still in the toilet two years later.

As stated above, the U.S. government, under Barack Obama, personally gave Solyndra over half a billion dollars in U.S. taxpayer money to play with - yet as we can see based on reports, they only employed 585 people with said funds, which is economic rubbish.

This solar initiative was not a priority. The Judiciary Report warned again regarding it as recently as April. There is no excuse. That money should have gone to more practical job creation, where much more people would have been employed for those same taxpayer funds, thus noticeably decreasing unemployment as stated in the article Obama Calls For Job Summit.

Had Obama followed the Judiciary Report's aforementioned job creation outline, over two and a half years ago, unemployment would not be ridiculously high and rising, as it is today. Coupled with appropriate taxation and budget cuts, the economy would have been doing quite well today.

President Obama at Solyndra

Do you know how many jobs I could create for over half a billion dollars, yet the government, utilizing poor oversight, which the Judiciary Report expressly warned against in 2009, allowed Solyndra to create just 585. I keep repeating that because the government does not seem to get it.

For that money why employ 585 individuals when you could employ over 35,000 people for those same funds, in stable, proven industries. These costly missteps and mistakes coming out of Washington are clearly about someone's agenda, rather than what is in the best interest of the general public.

As stated in the bullet train articles, this is not the time for experimentation. Vanity projects need to wait until America is on stable financial footing. The government is not prioritizing and it is very perturbing, as people in America are suffering, yet Washington continues to put the cart before the horse. Once again, you must prioritize.

Furthermore, the Judiciary Report has concerns about too many people jumping into the solar industry, without proper scientific investigation. Not only is it very costly per household at the current rate of the technology, will every company use the same calibration for each piece of solar apparatus, as invariably, overuse to certain degrees, by too many people worldwide could harm the sun. Frankly, the latter is not a pretty scenario. The industry needs universal regulations and standards, as this is a serious issue.

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STORY SOURCE

Solar Energy Company Touted By Obama Goes Bankrupt