Failure of Serious Energy is a 'BFD' for Obama and His Chicago Cronies

Before there was Solyndra, there was Serious Energy. The company was personally hyped by President Barack Obama, Vice President Joe Biden, and Senator Roland Burris (remember him?) as a “green jobs” company funded by Obama’s 2009 stimulus. Today, Serious Energy is closing factories and laying off workers--and the Federal Trade Commission has found it made false claims about the energy efficiency of its products.

The story of Serious Energy is a metaphor for Obama’s political career, featuring strong-arm union tactics, corrupt Chicago politicians, crony capitalism, and media propaganda. Back in May 2010, it was already clear that Serious Energy was a fiasco, one Breitbart News called the “Weatherization Undergound.” Two years and hundreds of millions of dollars later, the company is near the end of its natural trajectory as an Obama prop.

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