Friday, September 16, 2011

MORE OBAMA CRONYISM?

Move Over Solyndra: Four More Government-Funded Flops
By Staff
Townhall.com

Well, well, well. It seems Solyndra isn't the only company to have crashed and burned, despite a massive injection of stimulus money. FoxNews reports that at least four other companies received government funding, and subsequently filed for bankruptcy. Adding insult to injury, two of these companies were supposed to create (or was it save?) "green jobs."

Deputy Secretary of Energy Daniel Poneman also took to the papers to bemoan our failure to keep up with China's cheap, high-quality solar panels. His argument? We didn't sink enough money into these failed ventures. After all, the Chinese government subsidizes the heck out of their solar panel industry!

Read the Full Story

No comments:

Post a Comment