So with all of the wasted stimuli - why do some in power, including the Preident, think that the American people are just too dumb to get it? After all, if he just explained it better... He does consider himself a great communicator - so why can't he then? Back to facts.
Some company called Solyndra in California got a LOT of stimulus money. Why? Because it was a favorite. It has "green energy" it makes solar panels. It is a privately owned corporation. It was supposed to go public, but. Yes, an Obama but. Oh yeah, this company apparently
is or maybe was the cornerstone of Obama's highly touted green-energy future. Now it is a Rupublicans taking over the house - size political embarrassment. Solyndra got a
$535 million Department of Energy loan guarantee. In June it cancelled a public offering because their auditor PricewaterhouseCoooper said its operating losses and negative cash flow show it is unlikely to be able to continue operations.
The company received bailout funds and spent them on
executive salaries and to build a plant. Now they are closing the plant. This is the company that Obama said in May :
"leading the way toward a brighter and more prosperous future."
Get the story
here.
Here is a list of some of the executives:
BRIAN HARRISON: PRESIDENT AND CHIEF EXECUTIVE OFFICER
DR. CHRIS GRONET: FOUNDER AND CHAIRMAN OF THE BOARD
BEN BIERMAN: EVP, OPERATIONS AND ENGINEERING
W.G. BILL STOVER, JR.: SVP, CHIEF FINANCIAL OFFICER
JOHN GAFFNEY: SVP, CORPORATE DEVELOPMENT AND GENERAL COUNSEL
CLEMENS G. JARGON: PRESIDENT EMEA & CORPORATE SVP
KAREN ALTER: SVP, MARKETING
CORBY C. WHITAKER: VP of NORTH AMERICA SALES
These folks got paid to operate a failing company with your and my hard earned tax dollars. Thanks Mr. President.
Stay Safe!
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