According to an article on QCOnline, the CEO and CFO of the now bankrupt Obama Green Jobs Poster child Solyndra, have refused to testify at Congressional hearings involving the Team Obama pushed half a billion dollars in Special Government loans. They have instead opted to invoke the fifth amendment of right to silence to avoid self-incrimination. Oops! 😳 Another set of Obama supporter and campaign contributors to toss under the Obama Bus. Worse yet, the whole debacle has created a red-flag situation where other fledgling Solar Energy corporations are struggling to get loans.
I am not a believer or disciple of the Al Goracle Global Warming theology. But I do think that solar energy has a future as a potential energy source. Though I have no doubt that as we harness the energy there will be alternative to fossil fuel environmental issues to study. But like any good business that offers alternative products – solar energy will offer competition to the current energy markets. That is a good thing as competition creates better affordability for consumers of each product in the game. Obama’s desire to play politics and create a reelect me poster child for his green jobs initiative has ended up with Team Obama screwing the pooch for the whole industry.
The problem with Team Obama is they have sought to ram their Green theme down the throats of the public and industry as they did with Obamacare. Instead of trying to intentionally drive up the cost of traditional energy sources while force feeding a Green Energy Revolution to the US consumer – Team Obama should have taken a free market approach and allowed market competition to drive the Solar Energy Markets. But Progressive Liberal and Socialist Wannabe Obama – ever the spin doctor politician, couldn’t resist another power grab for a new Big Brother Government Bureaucracy. He helped create this magical fantasy image of Solyndra to solidify his base and attempt to woo new Obamaton disciples. You have to wonder now that his magical Green fantasy has turned into a hideous nightmare – just how bad it will hinder startup and future investments for the fledgling Green Industries that might have eventually been able to compete in a free market.
Fun Link –> Temple of the Goracle
- Solyndra leaders invoke 5th Amendment at hearing – Boston Globe (news.google.com)
- Solyndra hearing to go on, despite execs’ silence (sfgate.com)
- There’s A Reason Green Schemes Need Government Handouts (papundits.wordpress.com)
- Subpoenas for Solyndra execs (hotair.com)