Taxpayers Sink Deeper in Solyndra Saga: Part One

Bankrupt or not, Solyndra continues to dig deeper into taxpayers’ wallets. Over the past year, the Departments of Energy (DOE) and Justice (DOJ) have doled out approximately $2.5 million in taxpayer money to clean up the aftereffects of the failed Solyndra experiment. Apparently in the midst of all the paperwork, the federal government missed the memo instructing that when you’re in a hole, quit digging.

Based on the publicly available government records, the awards and contracts this blog discusses are separate from the money awarded to Solyndra as part of the loan guarantee program in the Energy Policy Act of 2005. When the government willingly risked $570 million of taxpayer money to fund Solyndra, there was good reason to be upset. But it reaches a whole new level when the federal government continues to award contracts intended to clean up the very mess it created. It’s ironic that the government is spending even more taxpayer dollars in an attempt to recoup the money it never should have spent.

So how many companies received Solyndra-related contracts? How much money was awarded and for what purpose? Three companies were awarded four different contracts totaling an estimated value of $2.5 million in taxpayer money. All involve throwing good money after bad in hopes of ameliorating the problems that the government’s poor discretion caused in the first place.

Read more at The Foundry. By Rachael Slobodien and Elinor Renner.

Comments

  1. wrongheifer says:

    The bottomless green pit…

  2. Florida Jim says:

    Solyndra is simply one of hundreds of "green scams" used by Obama to reward his campaign contributors. there are so many bankrupt "green energy scams " Obama should be impeached. Hundreds of billions of tax dollars wasted and the first loan recipients were not the taxpayers as they should have been but the slimy investors protected by Obama rather than as the law states, much like General Motors, another $38,000,000,000 boondoggle still developing. When will see see through this complete fraud who poses as "our leader"?

  3. Every person involved with this fraud should be put in prison. Where is the congressional oversight? Non existent is the way it appears.

  4. What a bunch of morons. No wonder our economy is in such condition.

  5. I just watched Idiocracy last night. I wonder when the government will start mandating that we irrigate our crops with Gatorade?

  6. We need to stop giveing are money to those scum I will not pay another dime to this goverment we need to wake up the more taxes we pay the more money they poop awayOf corse Ovmit has to pay bace his goons the ones that helped him steal his way back inoffice If we dont pay they have no money they will go broke

  7. Bob Higginbotham says:

    Chu, the head of DOE should have been fired long ago,however, being one of the pretender's minions he is protected as long as he does the pretender's bidding. Obama, through Chu, has wasted tens of billions of our tax dollars on losers. The only ones to benefit are Obama buddies and contributors. How much longer are we going to let these enemies of America continue. They all must be ousted.

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