Solyndra Bankruptcy A Big Black Eye For Obama

Sept. 6, 2011 - PRLog -- By Delwyn Lounsbury – THE DEFLATION GURU

Solyndra of Fremont California, a solar cell maker, filed Chapter 11 Bankruptcy on 8/31/2011 and 1,100 workers lost their jobs.  President Obama helped Solyndra win the first green loan guarantee of $535 million.  You and I the taxpayers are on the hook for all of it.  In addition, a whopping $1.1 billion in startup venture capital is also at risk and probably lost.  Obama has repeatedly said green jobs are the solution to the ailing deflating economy.  What a mistake!  He and 80 per cent of his staff and cabinet are not business people.  The Obama falure to create jobs and his ruining of the Constitution will be his legacy.  This Solyndra bankruptcy and ObamaCare are prime examples.

Solar module prices have slid 40 percent as world wide manufacturing grew.  Two other U.S. solar companies, Evergreen Solar and Spectra Watt, filed bankruptcy in August of 2011.  According to Solyndra their cost was $2 per watt while some Chinese companies have costs of $1.25 per watt.  Solyndra 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 Obama failure and black eye for federal funds stimulus programs, loan guarantees to green-tech companies and other “investments” he talks about.  Investment is covert communist code comrade for big government spending on progressive pork programs probably destined for failure.  When has inefficient government ever made a profit?  Solyndra is a prime example.  Unconstitutional ObamaCare (rationing and euthanasia program) will be the next example.  Businesses should be left to compete in the free market.  Every government tax, fee, loan, guarantee, fine, license etc is a price fix 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 $1 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.  Doesn’t it?   This is the way to save the nation.  Let’s get out of debt.  Not this tax the rich Obama socialist, 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 Anglo financial power elite 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 (big Neo-Keynesian 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 begetting more layoffs like a snowball rolling down a hill.  

Today’s paper says 1 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 $5.1 billion and paid no tax last year) is planning to move its 115 year-old X-ray division from Waukesha, Wisconsin to Beijing China and invest $2 billion in the project.  What?  President Obama appointed GE Chairman Jeff Immelt to head up his commission on job creation.  Job czar Immelt 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 from AAA to AA+.  The Obama failure as president is the first American debt downgrade in history.    

Both President Obama and then Governor Arnold Schwarzenegger have toured Solyndra’s new plant 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 5 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 hysteria and hype are both smokescreens 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, our children and our children’s children.  Welcome to the deflation economy and Greater Depression.

More at my website…  Hurry the CRASH is coming!

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

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