Obama’s Bankrupt Green Ideology

On August 31st, Soylandra, a solar manufacturing company president Obama touted as a “testament to American ingenuity and dynamism” when he visited its Freemont, CA facility in 2010, filed for bankruptcy. Eleven hundred workers were laid off immediately. Most of the $535 million in federal loan guarantees made by the Department of Energy is likely lost, along with $1.1 billion in venture capital (VC). That loss represents the largest for venture capitalists in history. In the process, Soylandra has become the focus of competing political philosophies, along with a criminal probe that may extend far up the Obama administration’s food chain.