Another Obama Green Energy Company Files for Bankruptcy After Receiving $43 Million Government Loan
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The Obama administration gave another obviously failing California solar company $1.2 billion in federal loan guarantees, even though the company had only weeks earlier announced that they would be building a new manufacturing plant in Mexicali, Mexico to manufacturer the solar panels. So much for American jobs, as well as so much for the billions of our tax dollars the Obama administration flushed down the toilet, as payouts to their friends and supporters.
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Steven J. Spinner, a high-tech consultant and energy investor who raised at least $500,000 for Obama, pushed the Department of Energy to grant the $500 million loan to now bankrupt Solyndra. Why is Obama and the Democrat party bowing down to their fundraisers at every opportunity? Could it be because they know the Democrats are …