Ready for Solyndra II?
Another failing solar company is being showered with our money by the Obama administration. This time, it’s a company called SunPower, and they’re getting over twice the money that Solyndra did – $1.2 Billion! Sure sounds like a safe investment to me – after all, the company is only $820M in debt.
And, like Solyndra, SunPower has the fingerprints of Democrat donors and politically connected people all over it. It also turns out that they’ve announced that they’ll be opening a new plant to make solar panels – in Mexico. The net benefit for the $1.2 Billion will be 15 new permanent jobs – a lofty sum of $80M per job (at least until they go bankrupt.
Watch for this one in the news… the bad dream continues.