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Obama’s Green Energy policy or Sunshine and Lolli-pops

01 Mar

Colorado based Abound Solar said Wednesday it will stop making solar panels while it retools a Colorado factory as part of a project backed by $400 million in federal loan guarantees.

The company has laid off 70% of its workforce, which is 280 employees. They have also delayed plans to open a new factory in an abandoned Chrysler factory in Indiana that was also part of the government-backed deal.

The announcement was yet another case of a financially troubled manufacturing company backed by the Department of Energy’s loan guarantee program, which has already lost $535 million on loans to failed solar panel maker Solyndra.

 

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2 Comments

Posted by on March 1, 2012 in politics

 

2 responses to “Obama’s Green Energy policy or Sunshine and Lolli-pops

  1. American Samurai

    March 1, 2012 at 7:01 am

    More bumbling by the assbag in chief………..Santorum 2012

     
  2. P. Henry Saddleburr

    March 1, 2012 at 12:06 pm

    He’s not bumbling. He’s paying for BUNDLING. All of this is intentional and he doesn’t give a tinker’s damn about whether these companies succeed or not. He’s done his job. Empty the Treasury and give it to his buddies.

    Oh, and the light bulbs in your video are illegal. Shouldn’t you have used CFLs?

     

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