Eleven More Solyndras in Obama Clean-Energy Program

There are 11 more Solyndras in the Obama administration’s clean-energy program, reports CBS News. These companies are in financial trouble — five have already gone bankrupt — after receiving billions in federal assistance despite warning signs that their projects were not viable. I discuss this and the Solyndra scandal in more detail at this link.

While costing taxpayers billions, the Obama administration’s green jobs programs have failed to create viable jobs. Instead, they have been used to outsource American jobs to countries like China. American University’s Investigative Reporting Workshop found that 79 percent of green-jobs funds went to foreign firms, like a bankrupt Australian company.

The Obama administration has also wiped out jobs through its policies on health care, financial regulation, and labor and employment law.