Monday, January 23, 2012

Rep Cliff Stearns: "Solyndra Caught On Tape Destroying Assets, Equipment"

Not only has Solyndra gone bankrupt leaving us to foot the bill, they are now junking a lot of what's left making it impossible for us to recover a lot of what's owed. 

The news anchor says "...a couple of million dollars worth of glass tubes is really not going to make a difference to them or the American tax payer."

Well, it might make a difference to the German company that made them and then sold them to Solyndra, and and is still owed 8 million dollars for them (understanding that they will probably be covered by you and me.) As Bary Goldwater once said, "A few billion here, a few billion there and pretty soon your talking about real money."

And how eager will companies be to extend credit to US "Green" companies if they think they won't be paid back? What will that do to the green energy companies of "tomorrow"? 

And how eager should the American Taxpayer be to guaranty those loans?


Not very...


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