Yet another green technology business bites the dust – taking with it $535 million in stimulus loan guarantees. Solyndra, a California manufacturer of solar panels shut its doors today saying it plans to file Chapter 11 bankruptcy. There go 1000+ jobs. And over 1/2 billion in taxpayer dollars.
 
Now I’m sure you’re asking yourself “how can this be? Wasn’t it just last year that the President was lauding Solyndra as one of those companies ‘leading the way to a brighter more prosperous future’ ?”
More like leading the way to perpetual poverty.
 
Is is just the “Obama Jinx”? (A personal commendation visit from POTUS has been the kiss of death for many a business.) Or is that the free market doesn’t want green technology at the moment no matter who’s peddling it, and pretending otherwise is only damaging the economy further? Enough with the stimulating already!
 
Sounds like Rick Perry’s got the right idea for the federal government’s role in job creation – none:

After announcing his bid for the presidency, Perry told an audience at a campaign stop in Cedar Rapids, Iowa that he plans to make DC “inconsequential” to the average American. Perry said that the government’s inability to increase jobs and revitalize the economy means “it’s time to let the private get back to work.”

 
Exactly!
 

With his wonderful track record, I for one can’t wait to hear B.O.’s latest B.S. proposal on jobs next week.. although the scheduling or his speech has certainly stimulated some controversy.
~~~~~~~~~~
Related:
Green tech = Loss of “green” for taxpayers ~ It’s not working here in Michigan either.
 
Evergreen Solar files for bankruptcy, plans asset sale ~ Earlier this month, it a was an east coast company going broke:

Evergreen Solar Inc., the Massachusetts clean-energy company that received millions in state subsidies from the Patrick administration for an ill-fated Bay State factory, has filed for bankruptcy, listing $485.6 million in debt.

 
Yosemite National Park spending 3.8 million tax dollars to save $50,000; might break even in 2088 ~ Yet another green nightmare.
 
From now on whenever you hear the term “green technology” think “Diabolical Leftist Plot to Destroy America’s Wealth”.