The politically connected solar firm that announced its impending bankruptcy last week was raided by federal agents this morning as part of a joint investigation between the FBI and the Energy Department Inspector General’s office. The company, Solyndra Inc., had received significant favorable treatment from the Obama administration. One of the company’s …
Liberals have spent the past two weeks asking Congress to write a blank check for federal disaster funding. They’ve concentrated their attacks on House Majority Leader Eric Cantor (R-VA) for seeking offsets in other areas of the budget to cover the additional aid. They’ve portrayed Cantor as a callous conservative, …
One day after solar company Solyndra closed its doors, two U.S. congressman are asking the White House for all documents related to the federal government’s $535 million loan guarantee. The probe also seeks correspondence between administration officials and the company’s investors, seeking to uncover if the White House engaged in …
Major donors to President Obama have received favorable treatment throughout his administration. Today’s news that solar company Solyndra is going bankrupt demonstrates the consequences of that apparent cronyism. The company’s demise is likely to cost taxpayers hundreds of millions of dollars. Solyndra suspended operations Wednesday and will soon file for …
President Obama has picked another “winner” among green technologies meant to portend an energy revolution. This time it is a Korean-owned battery factory in Michigan, part of a $2.4 billion government investment in electric car battery technology in spite of a global glut of battery supply. However, the question is …
