Remember Solyndra? (Blast From the Past)

(Editor's Note: I've been going back through my files and updating the labels, and I've come across some worthwhile articles that are still relevant today. This is one of them.  RK)

By WND Staff Published October 18, 2012

'Extent of its failure has been largely ignored by the press'

Remember Solyndra? That’s where taxpayers lost hundreds of millions of dollars after the Obama administration handed out money and the company took it and went out of business.

But how about Evergreen Solar? Or Beacon Power? Or EnerDel subsidiary Ener1? They also took taxpayer money from the Obama administration for their “green” energy projects, and then filed for bankruptcy.

In fact, a new report from the Heritage Foundation says, “So far, 36 companies that have received federal support from taxpayers have either gone bankrupt or are laying off workers and are heading for bankruptcy.”

“It is no secret that President Obama’s and green-energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner attention as they happen, but they ignore past failures in order to make it seem like a rare case,” the report said.   Those are among the “losers”accused Obama of picking.  

Editor’s Note: Please read the whole article.  Those 36 companies are listed. To Read More.......