The main stream press is now calling it "the controversal" solar products company Solyndra, again, funny, they didn't call Solyndra "controversal" when President Obama made a speech about his stimulus program from the Solyndra factory floor earlier this year. The Obama administration gave Solyndra $535M in loan guarantees falling victim to Solyndra's slick marketing and product hype, instead of at least doing some basic background work when Solyndra's competitors claimed that Solyndra would crash and burn, instead they opened the tax payer coffiers to Solyndra in an effort to get the Presidents approval ratings up. Not to mention the $1B that private investers poured in, probably much of it CA Government pension money. Solyndra told Obama that they would create 1,000 new, good paying "green" jobs this year. Big surprise, it's not going to happen, in fact Solyndra is closing its newest manufacturing site in Fremont, consolidating in one building...and laying off hundreds of their employees. Why? It's really quite simple, the Chinese are producing better panels much cheaper. So Ms. Boxer, when you said, you wanted to create jobs here in CA...not China like Ms. Whitman. You make the same mistake many politicos in CA make...you, the Government do not create jobs, the private sector does and the market drives where those jobs go, not a power hungry Senator, I hate to break it to you...but you don't have that kind of power, even though, in your own mind you really think you do.
I am hoping California recovers, I really do. But being close to the renewable energy, or "green" jobs initatives, I can tell you the same thing that many of the top Cal State top engineers privately tell me. That yes, we can make an electric car that goes 30mph for an hour, and yes, we can make a tire out of enzymes, even jet fuel from algae...but WE CAN NOT do it economically and we CAN NOT do it in a commercial way that creates the "thousands" of new green jobs the liberals have been promising us. This is the "wolf ticket" we have been sold from the liberal CA politicans. There may be a "green" industry in the future, a robust and succesful one, but we need jobs in CA NOW!...and this is light years away. And developing a "green" idea into a practical product and bringing it to a waiting and eagar market will be done by the private sector, not the Government, so please stop wasting our money!
So everytime you pass that big empty building off I880 South, you can thank Mr. Obama and Ms Boxer for spending $535M of your hard earned dollars for a huge white elephant!