It was because one of his big donors was involved with Solyndra.   It's been 
estimated that of all the green subsidies, 95% have ties to Obama supporters.  
It's not about saving the planet, it's about enriching friends. 


________________________________
 From: Nicholas Geti <[email protected]>
To: [email protected] 
Sent: Friday, March 23, 2012 10:36 AM
Subject: [OT] Obama wasted our money
 
"Obviously we wish Solyndra hadn't gone bankrupt. Part of the reason they 
did was the Chinese were subsidizing their solar industry and flooding the 
market in ways Solyndra couldn't compete. But understand, this was not our 
program per se." (Obama)

This was a 0.5billion dollar boondoggle. All of his advisors and the budget 
committee who looked into this company said it was not viable but Obama did 
it anyway. He has said that the government must fund these green energy 
initiatives because China is doing it. But now he says it wasn't his fault 
because China was flooding the market. He cannot have it both ways.

What right has anyone have to spend someone else's money? The government 
must not be an investment banker especially when there are incompetent 
bankers running the show. You can bet your boots that real investment 
bankers are not that careless; they have their own money at risk.




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