green jobs

12:00 PM, Oct 12, 2011 • By MARK HEMINGWAY

As failed solar panel manufacturer Solyndra rides through the investigative ringer in Congress, revelations of another politically-connected company that received what appears to be a less-than-virtuous $1.2 billion loan guarantee are surfacing.

The company, SunPower, received its $1.2 billion loan guarantee in September, immediately before the program’s deadline.

SunPower isn’t as financially sound as the public was led to believe when it secured a loan guarantee twice the size of Solyndra’s $535 million loan. Just this week — less than a month after taxpayers landed on the hook for SunPower’s $1.2 billion loan guarantee — company executives announced that they expect to lower their 2011 earnings projections.

The company also carries $820 million in debt, which is $20 million more than its market capitalization.

House Energy and Commerce subcommittee on Oversight and Investigations chairman Rep. Cliff Stearns is already looking into the company.

7:30 AM, Oct 6, 2011 • By MARK HEMINGWAY

Kevin Williamson: A (Steve) Jobs Agenda

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7:00 PM, Sep 28, 2011 • By MARK HEMINGWAY

New York Times: "As Scorn for Vote Grows, Protests Surge Around Globe"

Politico: "Defiant Team Perry's plan: Hit harder"

8:38 AM, Sep 27, 2011 • By MARK HEMINGWAY

Despite the repeated attempts to wish away the Solyndra scandal, it appears to be getting bigger. Today, the Los Angeles Times informs us key White House personnel raised concerns the Department of Energy loan program that gave Solyndra $535 million was poorly conceived and managed long before the solar panel manufacturer's bankruptcy:

3:08 PM, Sep 23, 2011 • By DANIEL HALPER

The Department of Energy's Solar Decathlon kicked off today in Washington on the National Mall, under inauspiciously dark rainy skies.

4:54 PM, Sep 20, 2011 • By MARK HEMINGWAY

Sometimes in politics appearing guilty can have more consequences that actually being guilty (though the two frequently are related). And this latest development in the Solyndra scandal certainly looks bad:

Sep 26, 2011, Vol. 17, No. 02 • By MATTHEW CONTINETTI

To find a metaphor for the failed Obama presidency, look no further than Solyndra. Before it went bankrupt, the solar panel manufacturer was more than the recipient of a $535 million loan guarantee from the federal government. It was the model for the White House effort to put the American economy on a “new foundation.”

Five percent of jobs promised have been created.

12:58 PM, Sep 15, 2011 • By MICHAEL WARREN

The Washington Post reports that the stimulus-backed Department of Energy loan guarantee program, which financed green energy companies like the failed solar energy start-up Solyndra and three projects for the Abengoa corporation, has created far fewer jobs than the Obama administration projected:

9:11 PM, Sep 14, 2011 • By MARK HEMINGWAY

The Obama administration is now pushing a rather dubious defense for handing out $535 million in stimulus funds to the now-bankrupt solar panel manufacturer Solyndra. They're blaming Bush:

9:37 PM, Sep 13, 2011 • By MARK HEMINGWAY

Two big stories are out tonight on the blossoming scandal involving failed solar panel company and stimulus funds recipient Solyndra. First, the Washington Post reports that the White House pressured the Office of Management and Budget (OMB) to speed up the approval process for Solyndra's $535 million loan:

7:30 AM, Sep 13, 2011 • By MARK HEMINGWAY

Bloomberg: "Obama Team Backed Solyndra Despite Concerns"

Business Insider: "REVEALED: Obama's Jobs Plan To Raise $400 Billion In Taxes"

CNN: "Cantor says no to jobs bill spending"

9:43 AM, Sep 10, 2011 • By MARK HEMINGWAY

Well, this is awkward. Despite $535 million in government loans and the White House touting Solyndra as an example of how the $800 billion stimulus bill was helping create jobs, everyone in the following video is now unemployed:

3:15 PM, Sep 2, 2011 • By MARK HEMINGWAY

And the hits just keep on coming. This is not the kind of news that is going to help the Obama administration in the midst of a jobs crisis:

3:38 PM, Sep 1, 2011 • By MICHAEL WARREN

Solyndra, the stimulus-backed green energy firm filing for bankruptcy, had a fairly cozy relationship with the Obama administration. The company's Fremont, California plant was the setting for a May 2010 speech by President Obama, where he touted the stimulus and its development of green manufacturing. Here's part of what the president had to say then (emphasis added):

9:16 AM, Sep 1, 2011 • By MICHAEL WARREN

At his jobs address to a joint session of Congress next Thursday, President Barack Obama might want to skip any mention of his green jobs initiative. The Bay Area's NBC affiliate reports that a high-profile green start-up called Solyndra, which benefited from federal loans from the stimulus package, announced it would be filing for Chapter 11 bankruptcy:

Five percent of jobs promised have been created.

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