Obama and Solyndra Where’s our money?

The latest news craze, other than the Michael Jackson trial, is the White House’s obsession with Solyndra, a Silicon Valley solar company that was reported to be near bankruptcy.

When President Obama visited the site in May 2010, he announced that that this was “the future.” The company had received $528 million dollars in federal loans under the stimulus law, according to the Associated Press. Now it has indeed gone bankrupt, laying off 1,100 workers. But the icing on the cake is that the White House had dismissed the messages and emails saying that Solyndra was going bankrupt.

Our money?

Down the tubes.

So much for a stimulus.

I might stop there, but, as a conservative, I really can’t. It makes me angry that our taxpayer money was used to fund the stimulus that didn’t even work for a company like Solyndra! What’s worse, the Obama administration knew about Solyndra’s coming demise.

In an email from the Office of Management and Budget, an official wrote, “The optics of a Solyndra default will be bad. … The timing will likely coincide with the 2012 campaign season heating up.” What’s this? The timing will coincide with the campaign? I thought we had our hope and change that President Obama had promised us. It looks as though our president is a little worried about his re-election.

A stimulus wasn’t needed for this country, nor for Solyndra. Private sector jobs shouldn’t be tampered with by the government. Now, Solyndra has revealed that it is bankrupt and laying off workers. Private sector companies shouldn’t have to rely on the government for loans.

What stinks is that the money that went to Solyndra came out of our taxpayer money! We funded this stimulus, and it didn’t even work. Solyndra would have been better off without government intervention. Sure, it might still have gone bankrupt, but this is a capitalistic market. I have faith that it would have picked up eventually.

What does this have to do with Obama’s re-election? Well, this is one example of a stimulus loan gone wrong, and the Obama administration knew about it. The stimulus didn’t work from the get-go, and here we are sitting at a $14 trillion national debt. I, for one, hate looking at the debt clock. Shouldn’t our money be placed in more suitable environments?

A stimulus isn’t the way to help our country, Mr. President. It only increases our debt. And it seems that Solyndra isn’t going to be functional anytime soon. Epic fail, White House.