Let me start this story from the top because this is not from last week and it’s not from the week before. This is a new story from the San Francisco Bay area. A solar company, Solyndra, is to declare bankruptcy. President Obama touted the facility only a year ago. “Solyndra, a major manufacturer of solar technology in Fremont, has shut its doors, according to employees at the campus. … Shortly after it opened a massive $700 million facility, it canceled plans for a public stock offering earlier this year and warned it would be in significant trouble if federal loan guarantees did not go through. The company has said it will make a statement at 9am California time, though it’s not clear what that statement will be,” of course that has come and gone.
A report from the NBC San Francisco affiliate: “The employees have been given yellow envelopes with instructions on how to get their last checks.” There never was a business here. You understand this? This is the sad thing. There never was a business here! We can only survive with $700 million in loan guarantees? You know, Kathryn and I started a new business, TwoIfByTea.com. We’d never even think of loan guarantees from the government to either start the business or go public with it! There never was a business there. “Solyndra was touted by the Obama administration as a prime example of how green technology could deliver jobs.” Yeah, well, pink slips today, not yellow slips today. The president visited the facility in May of last year. It was May 26, 2010.Continue reading on www.rushlimbaugh.com