The Republican Party of San Diego County
Sign up for Email Updates
 | Voter Information  | Voter Information  | Get Involved  | Join a Supporter Club  | Upcoming Events  | Your Republican Party  | Contact Us  |
Blog

Wednesday, August 31, 2011

California's Solar Company Solyndra Files for Bankruptcy

If you listen to Al Gore and the major media, you would think that working at at a "green" job involving solar is a safe job not likely to disappear. If your employer received a 535 million dollar loan guarantee from the federal government, it seems reasonable to assume that business is going well. If the president of the United States comes to where you work and highlights how good things are going with your company, you don't expect to showup to work one day and simply not have a job. Unfortunately for Solyndra employees, that is exactly what happened today.

You can read the full story here from Bloomberg.

I'm guessing us taxpayers won't be getting a refund. I'm also guessing this won't be the last doomed company to be celebrated as having green jobs for our future, but amazingly needs taxpayer subsidies to function.

Labels: , , , ,

Site Search: