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I thought it went without saying, However here it is, “is there any body else for music besides DAN?” hehe!
On a more serious note, I think we should do a little homework and find out who else this is happening to what industries have packed in a moved away.. And who else has become the victim of non American manufacturing … seems like there is something to be discovered and revealed... this is sort of up the alley of we can not compete with the world.... so we can not buy American Made because we can not afford to...
A California solar-panel manufacturer once touted by President Barack Obama as a beneficiary of his administration's economic policies — as well as a half-billion-dollar federal loan — is laying off 1,100 workers and filing for bankruptcy.
Solyndra LLC of Fremont, Calif., had become the poster child for government investment in green technology. The president visited the company in May 2010 and noted that Solyndra expected to hire 1,000 workers to manufacture solar panels. Other state and federal officials such as former Gov. Arnold Schwarzenegger and Energy Secretary Steven Chu also visited the company's facilities.
But hard times have hit the nation's solar industry. Solyndra is the third solar company to seek bankruptcy protection this month. Officials said Wednesday that the global economy as well as unfavorable conditions in the solar industry combined to force the company to suspend its manufacturing operations.
The price for solar panels has tanked in part because of heavy competition from Chinese companies, dropping by about 42 percent this year.
Republicans have been looking into the Solyndra loan for months. The House Energy and Commerce Committee subpoenaed documents relating to the loan from the White House Office of Management and Budget. GOP Reps. Fred Upton of Michigan and Cliff Stearns of Florida issued a joint statement on Wednesday saying it was clear that Solyndra was a dubious investment.
"We smelled a rat from the onset," the two lawmakers said.
Shortly after the company's announcement, it became clear that the bankruptcy would serve as further ammunition to criticize an economic stimulus bill that provided seed money for solar startups — even though officials said interest in providing Solyndra with guaranteed government loans was first sought under the Bush administration.
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Another yet more political view.. by the republicans
California-based Solyndra LLC has closed its plant and laid off 1,100 despite receiving $535 million in government-backed loans from the Department of Energy. One of the company's top investors is a foundation headed by Tulsa billionaire George Kaiser, who has been a big donor to President Barack Obama's presidential c....
Obama has made visits to the plant, and called the company a model for the green initiatives his administration wants to pursue.
Stearns, and other Republicans, have voiced concerns about Kaiser using political leverage to secure the loans, which they say went to a company that could not compete in the global market.
Stearns talked about those concerns Friday on an Orlando television station.
In addition, he has penned a letter with U.S. Rep. Fred Upton, R - Mich., asking that the White House turn over documents regarding their role in granting the loans.
Comment by Alice Shapiro on September 4, 2011 at 10:58am Dear Alice
That is a sad state of afairs... Perhaps we need to produce a documentry to educate Americans on what is and isnt from US!
Comment by Alice Shapiro on September 3, 2011 at 4:51pm Please help the TMP Network with your donations. Thank you.




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June 17, 2013 from 6:30pm to 10:30pm – University Women's Club, London
© 2013 Created by Harold Davis.
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