Wednesday, August 31, 2011


Solyndra, the Northern California solar panel manufacturer, has filed for bankruptcy and will cease business operation. The firm received $535 million from the Obama administration's Energy Department as part of the big stimulus push during the first year of the Obama interregnum. See LAT, "Solar panel firm Solyndra to cease operations," and Pirate's Cove, "Solyndra, Maker Of Solar Panels, Ceases Operations, Lays Off 1,110."

And from Ed Morrissey, "Solyndra shuts its doors" (at Memeorandum):
At one time, Solyndra was the poster child for Barack Obama’s promise of a green-jobs explosion. Today, the solar-energy technology manufacturer a poster child for the failure of his stimulus, his green-jobs push, and social engineering in general. Solyndra abruptly shut its doors today and declared bankruptcy, two years after getting over a half-billion dollars from the Obama administration’s Porkulus...

Solyndra's failure is a devastating indictment against President Barack Obama and his administration's disastrous social engineering of industrial economics. I can't wait to see campaign ads next year featuring Obama touring Solyndra with BANKRUPT overlaid on screen, along with a voice-over hammering the sheer stupidity of the "green jobs" agenda.