More than a year or so ago, Solyndra and other Green technology companies like it, where being touted by the progressive greens as the solution to both the economic wreck and employment disaster they wrongly, but quite successfully, wanted everyone to believe was caused by evil Boosh-Chimpy-McHitler instead of progressive government pressure on lending institutions and a myriad of schemes and scams to overcome the laws of economics and reality that eventually caused both the housing market collapse and the global financial crisis. Solyndra was not just our economic the future but the way to save us all from Gaia’s CO2 induced wrath! Hence the large – $535 million – stimulus check to make it so.
Skip ahead, to a few weeks ago, and we have Solyndra going belly up and laying off 1,100 employees. But oh, does it get better. Seriously, you could not make this kind of damning shit about the Keynesian Marxist and the progressive greens movement up if you tried. Today we find out that:
FREMONT, Calif.— FBI agents executed search warrants on Thursday at the headquarters of California solar firm Solyndra, which received a $535 million loan from the federal government before filing for bankruptcy last week.
Agents executed multiple search warrants at the company’s headquarters in Fremont as part of an investigation with the Department of Energy’s Office of Inspector General, according to FBI spokesman Peter Lee. Lee said he could not provide details about the investigation.
This has shades of Chicago politics and Rezko-esque rip off of the tax payer written all over it. I will be surprised to find out what the FBI comes back with. I am sure it will somehow be something that tries real hard to absolve the WH from being in this mess. But spin it as they want, the choice of excuses I can see them peddling all leave the WH, the green movement, the progressive agenda, and Obama looking bad or worse. In the mean time we the tax payers are out a half a billion and we will likely throw a few hundred millions more at it before someone finally finds a way to bury this embarrassing story for the WH like they are doing with that whole Gunrunner fiasco. Priceless.