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.
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?”