John Ransom

If you thought solar sucked last week, it sucks even more now that Solar Trust of America has filed for bankruptcy. The name is kind of fitting in the ironic and Orwellian fashion we’ve come to expect from the Obama administration. The name symbolizes the bankruptcy of Obama’s energy policy: solar… trust… America.  Oxymoron, with the emphasis on moron. If it weren’t this close {ß}to being a tragedy, we could all laugh.

“Solar Trust of America LLC, which holds the development rights for the world's largest solar power project,” reports Reuters, “on Monday filed for bankruptcy protection after its majority owner began insolvency proceedings in Germany.”



Obama critics contend that solar is just another part of his failed energy policy. But they would be overlooking the benefits to America’s energy security that Obama believes photo-ops bring us.   

Because the bankruptcy is just another one of the Obama administration’s cash-for-photo-op investments that has crashed and burned. Most politicians charge big contributors money for photo-op with the president.

Below: California Governor Jerry Brown & Obama's Secretary of the Interior, Ken Salazar, break ground on the a project from Solar Trust of America that's now in jeopardy because Solar Trust has filed bankruptcy. And yes, those are golden shovels they are using.   

In another quest to fundamentally change America, Obama awards government loan guarantees along with photo-ops to big donors.  

So fortunately for America’s national security- and energy security we will now at least always have the memories- backed up by various action photos suitable for framing.


John Ransom

John Ransom is the Finance Editor for Townhall Finance.