Another Solyndra! Abound Solar gets $400 million tax payer funded loan guarantee will suspend operations and file for bankruptcyHey, it’s just your tax dollars. Abound Solar’s $400 million guarantee is peanuts compared to the new taxes on Americans thanks the SCOTUS upholding ObamaCARE as a tax. This failed Colorado solar company is just the latest in a series of “green” company failures that got tax payer money from the Obama regime, and will now suspend operations and file for bankruptcy. Why? Because Abound Solar found it’s too expensive to compete with their solar panels (ie no one is buying any.)
Previously the company was forced to lay off a large percentage of its work force. Naturally there’s also a connection to an Obama bundler, which almost goes without saying.
This loan, like most, was pitched with the promise of thousands of high paying, long lasting jobs.