Solyndra Makes the Stomach Turn

By Cole

How does a solar panel company in sunny California manage to go bust, even with a huge infusion of government cash? That’s what a congressional committee wanted to know when they summoned Solyndra’s CEO Brian Harrison and CFO Bill Stover to ‘splain the company’s recent bankruptcy filing.

The men asked for a postponement to prepare themselves, and it was granted.

And when they finally got to Washington last week, they both took the 5th and didn’t tell anybody a damn thing.

Hey, when you’re between jobs and hoping another company will hire you to run it into a ditch, you don’t spout off on C-SPAN and confirm how dumb you really are. Somebody in HR might be watching.

If Congress wants to know where our $528-535 million (it varies) went, why not check the bank balances of Solyndra’s top dogs? That’s usually where you find a big chunk of it.

They were happy to throw millions at lobbying efforts, so you know they weren’t paying themselves minimum wage.

Meanwhile, the government’s kneejerk reaction was to heap more red tape on other solar companies so it would be harder for them to succeed.

So not only did Solyndra royally screw American taxpayers, they’ve dealt solar technology a setback and played Obama for a fool in making them his green jobs poster child.

Even worse, their failure gave ammunition to right-wing crazies who think sucking fossil fuels out of the earth until it caves like a hollow chocolate Easter bunny, and then burning that “black gold” until there’s not a lungful of clean air left is a brilliant energy strategy.

These are the very same crazies Solyndra spent millions lobbying against.

Apparently, Solyndra was a money-sucking rathole long before it bought duped Obama’s administration. Bush knew it and turned down their first loan request.

It’s probably too much to hope that Solyndra’s management will go to jail, since Congress let Wall St. bankers off the hook after much worse.

But instead of saying, “I respectfully decline to answer any questions,” let’s hope Harrison and Stover end up doomed to repeat a question for the rest of their careers…

“Do you want fries with that?”

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3 Responses to Solyndra Makes the Stomach Turn

  1. I have a friend due to lose her farm (mortgage fiasco) in 20 days. She’s still madly trying – letters everywhere, plase everywhere… everyone saying they’ll help her, but so far nothing.

    The world has gone mad.

  2. Dave Howser says:

    At the Solyndra hearings today, the implication was that DOE did not perform good due diligence. That was a totally erroneous assumption. This has nothing to do with good or bad due diligence. What this is about is that in a 2008 meeting: Lachlan Seward, Matt Rogers & Steve Spinner pointed to a piece of paper and, essentially, said: “these are our friends, they will get money. These are their competitors and our lobbyists competitors, they will not get money.” All so-called due-diligence thereafter was purposely non-existent or steered towards those friends and against those competitors. I was there!

  3. catsworking says:

    Welcome, Dave! Sounds like the good old “one hand washes the other” strategy. Why am I not at all surprised?

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