Talk about ineptness. Whoever gave these folks a loan should be kicked to the curb.
Solyndra Throws Stuff Away
RUSH: There's a story I have here on Solyndra. I wanted to make a point about private entrepreneurism, capitalism, and so forth. The Solyndra story is from CBS San Francisco. "After filing for bankruptcy last year, Fremont solar company Solyndra still owes American taxpayers half a billion dollars. But CBS 5 caught them destroying millions of dollars worth of parts. At Solyndra’s sprawling complex in Fremont, workers in white jumpsuits were unwrapping brand new glass tubes used in solar panels last week. They are the latest, most cutting-edge solar technology, and they are being thrown into dumpsters.
"Forklifts brought one pallet after another piled high with the carefully packaged glass. Slowly but surely it all ended up shattered. And it’s not a few loads. Hundreds of thousands of tubes on shrink-wrapped pallets will meet a similar demise. Solyndra paid at least $2 million for the specialized glass. A CBS 5 crew found one piece lying in the parking lot. Solyndra still owes the German company that made the tubes close to another $8 million," and they're throwing the stuff away, with the imprimatur of Obama, with the approval of Obama.
Just throw it away. Doesn't matter, even though they owe the money. They're in bankruptcy. They've gotta pay things back. They're throwing the stuff away. Nothing like that could happen in the private sector. Nothing at all like that could happen. It's just striking out there.
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