Monday, December 12, 2011

Solyndra in summary


Our economic model summed up in 35 seconds:

"The true engine of economic growth will always be companies like Solyndra".

How appropriate that this President holds up as an example a company with connections to the administration and which received a $535 million loan from that same administration and which is now bankrupt with scant hope of getting back a nickel of that $535 million because they were selling their product at a loss because the technology they were using was not yet market-ready.

Indeed, Solyndra is the poster child for the failed crony capitalism of Obama's America.


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