The solar panel company Solyndra's highly publicized failure isn't the only business to go belly up after benefiting from a piece of the $800 billion economic stimulus package passed in 2009.
Evergreen Solar indirectly received $5.3 million through a state grant to open a $450 million facility in 2007 that employed roughly 800 people. The company filed for bankruptcy protection last month. Spectra Watt received a $500,000 grant from the National Renewable Energy Laboratory as part of the stimulus package. The company filed for bankruptcy last month.
The number of "green" jobs created came to about $1 million a job, and now the three companies are belly up. The administration is on this fervent religion of green jobs and clinging to the idea that solar panels are the answer. They are not the answer.
Now President Barack Obama thinks he has another answer to putting people to work by taxing us because he cannot find the money to pay for his plan. With his great economic background, do we trust him again? You can fool some of the people some of the time, but you can't fool all the people all the time.
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