| Author | Message | ||
     Gandhiguevara Hero Username: Gandhiguevara Post Number: 19849 Registered: 10-2009 Posted From: 75.55.199.5 Rating: N/A |
http://abcnews.go.com/blogs/politics/2011/08/solar-energy-co mpany-touted-by-obama-goes-bankrupt/ President Obama visited Solyndra in May 2010, heralding the company as “leading the way toward a brighter and more prosperous future.” He also cited it as a success story from the government’s $787 billion economic stimulus package. “Less than a year ago, we were standing on what was an empty lot. But through the Recovery Act, this company received a loan to expand its operations,” Obama said at the time. “This new factory is the result of those loans.” In 2009, the Obama administration fast-tracked Solyndra’s loan application, later awarding it $535 million in guarantees from the stimulus funds. |
