Solyndra, Major Obama Donor, Declares Bankruptcy After Receiving $535 Million Federal Loan

So let’s get this straight. This is different than the very similar story of Evergreen Solar Inc, which also received millions of dollars from the Obama administration, before going bankrupt.

The Obama administration guaranteed a another failing company, Solyndra solar panel company, $535 million government backed loan, which seems more like a reward for the donations Steve Westley gave to the Obama campaign. The company then declares bankruptcy, lays off 1,100 employees, and bilks the U.S. People out of a half a billion dollars of taxpayer money. Then Obama goes off the deep end and names the donor, Steve Westley, to the President’s Energy Advisory Board.

This stinks like more corruption of the worst kind from the Obama administration.

Solyndra, a San Francisco based solar panel company that received a $535 million loan guarantee from the federal government has declared bankruptcy. Last year President Obama touted the company as “leading the way” in the green jobs future he envisions.

Just a few months ago, ABC News revealed that one of the major financial backers for Solyndra is also a



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Green Technology Company, Given Millions By Democrats, Files for Bankruptcy

A company (Evergreen Solar Inc.,) that received a $58 million financial aid package from Democrats to build a Bay State factory, has now filed for bankruptcy.

The Democrats have proved that they have no clue how to help businesses, create jobs, or to balance a budget, and now we are learning about the Democrat’s horrible track record in the companies that they gave our money to.

I just wonder how much money Evergreen Solar Inc. donated to the Democrats before receiving the $58 million gift???
My guess is that they donated a lot..

Evergreen Solar Inc., the Marlboro clean-energy company that received millions in state subsidies to build an ill-fated Bay State factory, has filed for bankruptcy.

Evergreen, which closed its taxpayer-supported Devens factory in March and cut 800 jobs, has been trying to rework its debt for months. The company announced today it is seeking a reorganization in U.S. Bankruptcy Court in Delaware and also reached a deal with certain note holders to restructure its debt and sell off certain assets.

The company also said it will lay off



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