Obama Goverment Solar Panel

Obama gave 500 000 000 that s a half billion in taxpayer money to solyndra who shut its doors and laid off 1100 workers in august 2011 after billions in losses due to failure to make a solar product that works.

Obama goverment solar panel. Solar powering america is an interagency initiative between the u s. The stimulus funded loan which was originally applied for in 2006 under the bush administration was guaranteed by the department of energy. The move was hailed by conservation organizations as well as renewable energy advocates. Department of agriculture usda u s.

Solyndra the solar panel manufacturer who took more than 500 million from president obama s stimulus then went bust sticking taxpayers for the loss lied to federal officials to secure the loan. The second company is abound solar manufacturing which will manufacture. President obama exaggerated when defending his administration s approval of a 535 million loan guarantee to solyndra a now defunct solar company. Obama referred to solyndra s loan at an oct.

President obama touted abound in a july 3 2010 announcement of a 2 billion investment in green energy projects. 5 directing the federal government and all its entities to source 20 percent of their energy from renewable energy like solar power wind and other sources by the end of the decade. President barack obama d issued a presidential memorandum on dec. Barack obama was not vetted before being elected president and neither was solyndra before mr.

Since the failure of solar panel company solyndra president obama s 80 billion clean technology program has begun to look like a political liability. Key events in solyndra. Department of energy doe u s. In 2009 the california based green energy solar panel manufacturer solyndra received a 535 million loan.

Obama threw that taxpayer money down the drain of unproven technology.