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Flashback: White House Video of Sec. Chu and VP Biden at Solyndra Groundbreaking

John on September 8, 2011 at 1:20 pm

Almost exactly two years ago, the future looked bright as Sec. of Energy Chu and VP Biden announce loans to Solyndra which will allow them to build a new factory:

The rhetoric is really out of all proportion to reality. This was not the beginning of a new industrial revolution. The company didn’t make it two years, despite $600 million in outside cash.

If you add up all the jobs the company created it turns out to be about 4,000. That’s about $150k per job. That’s not bad for construction and assembly line work.

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Category: Energy & Economy, Politics |

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