$535 Million "Green" Investment Bankruptcy a Major Obama Campaign Contributor

Obama Getting the "Tour"

Daily Caller - A solar energy company that intends to file bankruptcy received $535 million in backing from the federal government and has a cozy history with Democrats and the Obama administration, campaign finance records show. Shareholders and executives of Solyndra, a green energy company producing solar panels, fundraised for and donated to the Obama administration to the tune of hundreds of thousands of dollars.

Tulsa billionaire George Kaiser, a key Obama backer who raised between $50,000 and $100,000 for the president’s election campaign, is one of Solyndra’s primary investors. Kaiser himself donated $53,500 to Obama’s 2008 election campaign, split between the DSCC and Obama For America. Kaiser also made several visits to the White House and appeared at some White House events next to Obama officials. Campaign finance records show Kaiser and Solyndra executives and board members donated $87,050 total to Obama’s election campaign. And now, just two years after securing a half-billion-dollar federal loan, Solyndra has said that it will declare Chapter 11 bankruptcy. In a statement, Solyndra wrote “global economic and solar industry market conditions” forced it to close its Fremont, California, factory and layoff 1,100 employees. Read full story here: News New Mexico

$535 Million "Green" Investment Bankruptcy a Major Obama Campaign Contributor