Solyndra among five Obama stimulus firms to go bankrupt. Three of the firms were “green jobs” alternative energy firms.
FOX NEWS: Solyndra, the solar panel company whose highly publicized failure and consequent investigation by federal authorities has flashed across headlines recently, isn’t the only business to go belly up after benefiting from a piece of the $800 billion economic stimulus package passed in 2009.
At least four other companies have received stimulus funding only to later file for bankruptcy, and two of those were working on alternative energy.
Evergreen Solar Inc., indirectly received $5.3 million through a state grant to open a $450 million facility in 2007 that employed roughly 800 people. The company, once a rock star in the solar industry, filed for bankruptcy protection last month, saying it couldn’t compete with Chinese rivals without reorganizing. The company intends to focus on building up its manufacturing facility in China.
RAW VIDEO: Watch buffoon Obama praise Solyndra, which the FBI now believes was a criminal enterprise.
QUESTIONS: Is the purpose of the FBI raid to cover up the scandal and bury it? Or will we actually find out what happened to our tax money?
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