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Solyndra Solar Bankruptcy Big Obama Failure

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Solyndra Bankruptcy Obama Big Failure

Solyndra Bankruptcy Obama Big Failure

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Home Page > News and Society > Politics > Obama Solyndra Bankruptcy Big Failure

Solyndra Bankruptcy Obama Big Failure

Posted: Sep 02, 2011 | Comments: 0
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By Delwyn Lounsbury – DEFLATION THE GURU

Obama Failure! Solyndra Fremont of California, a solar cell maker, filed Chapter 11 Bankruptcy on 09/01/2011 workers lost their jobs and 1.100. President Obama Solyndra helped win the first green loan guarantee millionth of 5th You and I the taxpayers are on the hook for all of it. In addition, a whopping .1 billion in startup venture capital is also at risk. Obama has Repeatedly said green jobs are the solution to the ailing economy deflating. What a mistake! He and 80 per cent of his staff and cabinet are not business people. The Obama falure to create jobs will be his legacy.

Solar module prices have slid 40 percent as manufacturing grew world wide. Two other U.S. solar companies, Evergreen Solar and Spectra Watt, filed bankruptcy in August of 2011th According to Solyndra watt what their cost per watt while some Chinese companies have costs of .25 per. Solyndra's solar modules are thin tubes instead of flat panes and it is unknown Whether they can sell the business or license its technology.

The Solyndra bankruptcy represents a high-profile failure and Obama black eye for federal funds stimulus programs, Loan Guarantee to green-tech companies and other "investments" he talks about. Investment is covert communist comrade code for big government spending on pork progressive programs probably destined for failure. When inefficient government has ever made a profit? Solyndra is a prime example. Unconstitutional ObamaCare (rationing and euthanasia program) will be the next example. Businesses market should be left to compete in the free. Every government tax, fee, loan, guarantee, fine, license etc is a fixed price raising our taxes and taking our freedom and liberty. Stand up now or you will have none.

These green and "shovel ready" jobs have been costing million per job on average. We should be lowering taxes, reducing restrictive rules, reducing the size of government and cutting government spending. Sounds like the Republican Party 2012 election campaign agenda. Does not it? This is the way to save the nation. Let's get out of debt. Not this tax the rich socialist Obama, communist, Marxist, fascist, Nazi class warfare. Obama's agenda is to ruin the American Constitution and our way of life as he helps set up a one world government for his financial power elite Anglo cronies.

The Democrat left wing "progressive" putrid political policies just mean a bigger and bigger welfare state. Already some 50 percent of our population receive some kind of government entitlement check. The parasite (neo-Keynesian big government and its entitlement giveaways) is killing the host (those working and paying taxes). Next business just gives up and quits even trying to run a profitable going concern in a multiplier effect of layoffs layoffs begetting more like a snowball rolling down a hill.

Today's paper says one million self-employed entrepreneurs are out of work in addition to the 17% of workers without jobs when you count those that have stopped looking for work. Now we hear General Electric (who made .1 billion and paid no tax last year) is planning to move its 115 year-old project X-ray division from Waukesha, Wisconsin to Beijing China and invest in the trillions. What? President Obama GE Chairman Jeff Immelt appointed to head up his commission on job creation. Immelt czar job is supposed to help America create jobs here. The sad truth is GE Employs more people overseas than it does in the United States. This is total lack of leadership on the part of "Obama the downgrade president," who just got the U.S. credit rating lowered to AA + from AAA. The failure Obama as president is the first American in history debt downgrade.

Both President Obama and then Governor Arnold Schwarzenegger have toured Solyndra's new plans touting it as a symbol of America's economic recovery and commitment to a green economy. Of course their visits were celebrated by the mainstream liberal press as the government wasted untold barrels of fossil fuel arriving in jumbo jets with up to five choppers hovering overhead the caravan of a fleet of black gas-guzzling Chevy Suburbans and Cadillac Escalades plus TV crew 5 mile per gallon vans.

If you want less carbon dioxide (CO2) stop breathing it out and putting it into your carbonated soft drinks. Wars and global warming hype are both smoke screens for duping us and taking our freedoms while the Federal Reserve Bank (a fraudulent monopoly cartel – not federal and not a bank) ruins the value of the money and bankrupts us, children our children and our children's. Welcome to the deflationary economy and Greater Depression.

More at my website … Hurry the CRASH is coming!

Copyright 2011 by Delwyn Lounsbury – DEFLATION THE GURU
Use of this article with attribution allowed back to:
http://www.deflationeconomy.com

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