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Monday, September 12, 2011

Obama Team Stood By Solyndra As Troubles Mounted

Solyndra LLC’s workers making solar-power panels in a California factory subsidized by U.S. taxpayers showed “the promise of clean energy isn’t just an article of faith,” President Barack Obama said on a visit to the company in May 2010.

Two months before Obama’s visit, accounting firm PricewaterhouseCoopers LLP warned that Solyndra, the recipient of $535 million in federal loan guarantees, had financial troubles deep enough to “raise substantial doubt about its ability to continue as a going concern.”

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1 comment:

Anonymous said...

How much more of Obamas buls##t do we need to take. Will this make it to the main street media? The President has no clue.