![](\"https:\/\/live-rush-limbaugh.pantheonsite.io\/wp-content\/uploads\/ChuSolarTrustofAmericaBACK.jpg\"\/)
<\/p>\nRUSH: Another solar industry bankrolled by Obama has filed for bankruptcy. This one\u2019s Solar Trust of America, LLC. “Solar Trust of America LLC, which holds the development rights for the world\u2019s largest solar power project, on Monday filed for bankruptcy protection after its majority owner began insolvency proceedings in Germany.” Largest solar power project in the world. “The Oakland-based company has held rights for the 1,000-megawatt Blythe Solar Power Project in the Southern California desert, which last April won $2.1 billion of conditional loan guarantees from the US Department of Energy.”<\/p>\n
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Just one year ago. This was the second largest loan in the Department of Energy\u2019s now storied history. Now, the thing about this is, the CEO of this company decided that he couldn\u2019t make a go of it because of the flat panel solar industry business and where it was going. There\u2019s just no business there. He can\u2019t compete. Even after telling the regime that he didn\u2019t want the $2.1 billion, they wanted to give it to him anyway. Everywhere you look, every place that Obama has tried to bankroll a so-called green energy outfit, the vast majority of them have descended into bankruptcy and closed up shop. This place, if I\u2019m thinking about the right place, had five employees, Solar Trust of America. <\/p>\n
I actually read about this last night. One year ago this outfit got $2.1 billion in taxpayer loans. It was at the time the largest loan in the history of the Department of Energy. It\u2019s since been surpassed. But the news media didn\u2019t want to distract us from the Trayvon Martin shooting from last month or the Republican war on women from last month, so they didn\u2019t talk about this. This story just surfaced. It\u2019s not really a new one. But it\u2019s a Reuters story that actually got published yesterday. <\/p>\n
So down the tubes. Solyndra was solar panels, and now Solar Trust of America has filed bankruptcy. But, remember, now, the way we\u2019ve been doing our economy since we were founded, that doesn\u2019t work. The last three-and-a-half years is what works. This business of fending for yourself, everybody\u2019s on your own, that\u2019s never worked. This, green energy, solar energy bankruptcies, under Obama, that is what works.<\/p>\n
BREAK TRANSCRIPT<\/p>\n
RUSH: Solyndra, Abound Solar, Energy Conversion Devices, BrightSource, LSP Energy, Evergreen Solar, Ener1, SunPower, Beacon Power, ECOtality, A123, Uni-Solar, Azure Dynamics, and now Solar Trust. Every one of those bankrolled businesses has gone under — and oil is the fuel of the past.<\/p>\n","protected":false},"excerpt":{"rendered":"
RUSH: Another solar industry bankrolled by Obama has filed for bankruptcy. This one\u2019s Solar Trust of America, LLC. “Solar Trust of America LLC, which holds the development rights for the world\u2019s largest solar power project, on Monday filed for bankruptcy protection after its majority owner began insolvency proceedings in Germany.” Largest solar power project in […]<\/p>\n","protected":false},"author":14,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","ngg_post_thumbnail":0},"categories":[],"tags":[],"yoast_head":"\n