Will “green jobs” be the next “Watergate” for the Obama

Posted on: September 9, 2011

Solyndra is a California manufacturer of solar panels that received more than $500 million in federal stimulus loans in 2009. ABC News reports that Obama administration officials- the Department of Energy- were intimately involved in the company’s day-to-day business activities. Recently, Solyndra has filed for bankruptcy and laid off 900 employees leaving about 100 to tend to the closing of the business.

According to Guy Benson of TownHall, Solyndra is a scandal that deepens every day. The feds raided the company’s headquarters for unspecified reasons but it’s reasonable to assume they were seeking evidence of financial impropriety. FBI spokesman Peter D. Lee said multiple search warrants were served at the company’s Fremont headquarters in what he called a joint investigation by the FBI and the Energy Department’s office of inspector general. But he said he could not provide any details about the ongoing probe.

When will we hear what the FBI and the Department of Energy’s inspector general found during their search? Will we hear that most of the money was spent on the executives’ expensive boats, homes and nothing on furthering the profitability of the company? Was this another Ponzi scheme that went bad? Are “green jobs” nothing but a scam that we the taxpayers have to pay for?


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