Solyndra Inc., a renewable energy firm that became a darling of the Obama Administration, shut the doors of its California headquarters Wednesday, raising fresh questions from critics about political favoritism and wasted money in the federal loan program.

The manufacturer of rooftop solar panels opened its doors in 2005, and in 2009 became the first recipient of an Obama administration energy loan guarantee – a $535 million federal commitment that helped minimize the risk to venture capital firms backing the solar start-up. Obama visited the factory last year to herald its future.

“The promise of clean energy isn’t just an article of faith — not anymore,” Obama told Solyndra workers then. “The future is here.”

The government loan guarantee was supposed to spur 1,000 fulltime jobs once Solyndra’s solar plant was fully operating. Instead, the company announced Wednesday it intends to file for Chapter 11 bankruptcy and that 1,100 full and part time employees had been laid off “effective immediately,” without severance. Some said they no longer have health insurance, either.

Now, the company’s collapse is sure to rekindle questions about how well the Energy Department vetted the deal before putting taxpayer dollars on the table – and about whether the public will have to pick up the $535 million tab. The full bill may not be clear until bankruptcy proceedings. How much taxpayers and other creditors recover could depend on the total value of the company’s assets.

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What did Obama have his hands on that didn’t screw up or was crooked, against the law or marxist?

The climate scam continues to be just that, a laundromat for money