Monday, September 12, 2011
Solyndra and Green Jobs
Lest we forget that in 2009, Barack Obama appointed an avowed communist, Van Jones, to be his greens jobs czar. That’s right, a communist was the president’s “special advisor” on one of the pillars of his economic plan: green jobs. Actyually … that was pretty much what you might have expected, since so many communists went running to the environmental movement when the world communist movement collapsed. I just want us to remember this mindset as we approach this story about how the Obama administration then went and “invested” $535 million in the now bankrupt solar company, Solyndra. In September of 2009, the Obama administration heralded a $535 million loan guarantee for Solyndra as a “game changer” for the green energy movement. Vice President Biden emphasized that Solyndra would be creating thousands of permanent jobs: “Jobs you can raise a family on, green jobs, jobs that will serve as a foundation for a stronger American economy.” Biden said, “These are the jobs that are going to define the 21st century and the jobs — going to allow America to compete and to lead like we did in the 20th century.” So much for that. In January of this year, Solyndra was able to refinance its loan. During the time of the loan’s restructuring, the Energy Department kept a close eye on the company, even having DOE officials sit in on board meetings. Then in the summer of 2011, the CEO of Solyndra made several visits to Washington, apparently maintaining that the company was stable. Then just weeks later, Solyndra filed for bankruptcy. Now we have federal agents scouring through documents from homes of Solyndra’s CEO and founders. There will be hearings in Congress this week as to whether the DOE was misled by Solyndra on the stability of their investment. Look, folks. This is what happens when you have government officials picking the winners and losers, all with your tax dollars on the line. Barack Obama wouldn’t know how to create a job if his own job depended on it. The fact that this iconic green jobs investment failed so epically is an extremely bad PR situation for Obama. But more importantly, it is bad for those people who lost their jobs on the false promise of a green jobs future.