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Obama on Solyndra: ‘This Was Not Our Program Per Se’
ABC News ^

Posted on 03/22/2012 9:24:23 AM PDT by Sub-Driver

Obama on Solyndra: ‘This Was Not Our Program Per Se’ Email 4 Smaller Font Text Larger Text | Print

At the nation’s largest solar energy plant Wednesday, President Obama doubled down on his commitment to government subsidies for clean energy technology and green jobs — and deflected blame for instances when those investments have failed.

“Are you doing your ‘all-of-the-above’ strategy right if that’s what we have to show for it — Solyndra?” asked Kai Ryssdal, host of “Marketplace” on American Public Media, in an interview with Obama.

The solar energy start-up Solyndra, which had been the poster child of Obama’s initiative, went bankrupt in 2011, putting 1,000 employees out of work. It had received more than $500 million in federal loan guarantees through a Recovery Act program. The loan process is now the subject of a congressional investigation.

“Obviously, we wish Solyndra hadn’t gone bankrupt,” Obama said. “But understand: This was not our program per se.”

“Congress — Democrats and Republicans — put together a loan guarantee program because they understood historically that when you get new industries, it’s easy to raise money for start-ups, but if you want to take them to scale, oftentimes there’s a lot of risk involved, and what the loan guarantee program was designed to do was to help start up companies get to scale,” he said.

Obama mischaracterizes congressional support for the program, however. The loan to Solyndra was not part of a program developed by both Republicans and Democrats. Rather, it was entirely funded through the 2009 Recovery and Reinvestment Act, which did not receive any GOP votes.

(Excerpt) Read more at abcnews.go.com ...


TOPICS: Business/Economy; News/Current Events; Politics/Elections
KEYWORDS: antichrist; kenyanpos; liar; lyingmarxist; obamalies; solyndrafraud; solyndragate
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To: Sub-Driver
By the way, how can environmentalists talk about how 'big oil' is bad for mother Earth while at the same time promote the grotesque defacement of large swaths of property with solar panels?:

Isn't this BEAUTIFUL? /sarc

What about this disgusting array of BIRD SHREDDERS?:

Wind farms are responsible for KILLING HALF A MILLION BIRDS AND BATS PER YEAR IN THE UNITED STATES.

21 posted on 03/22/2012 9:57:11 AM PDT by FedsRStealingOurCountryFromUs
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To: Jeff Head

Øbama is lower than a POS.

There, I don’t have to apologize to small pieces of excrement if I write it that way.....


22 posted on 03/22/2012 9:59:33 AM PDT by bicyclerepair ( REPLACE D-W-S ! http://www.karenforcongress.com)
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To: Sub-Driver

That line did not work for Sean Payton either.


23 posted on 03/22/2012 10:06:55 AM PDT by Ingtar
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To: sheikdetailfeather
The Democrats are counting on Americans being so stupid and ignorant they will fall for his b.s..

Sadly almost 1/2 will.

24 posted on 03/22/2012 10:08:57 AM PDT by Don Corleone ("Oil the gun..eat the cannoli. Take it to the Mattress.")
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To: demkicker

He’s also LIAR when it comes to ‘approving’ the Oklahoma-to-the-Gulf portion of the Keystone pipeline. THIS SEGMENT DOES NOT REQUIRE THE PRESIDENT’S APPROVAL. ONLY THE SEGMENT CONNECTING TO CANADA DOES. What a snake oil salesman he is.


25 posted on 03/22/2012 10:09:27 AM PDT by FedsRStealingOurCountryFromUs
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To: Sub-Driver; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; calcowgirl; Gilbo_3; ...
RE :”“Obviously, we wish Solyndra hadn’t gone bankrupt,” Obama said. “But understand: This was not our program per se.”
“Congress — Democrats and Republicans —
put together a loan guarantee program because they understood historically that when you get new industries, it’s easy to raise money for start-ups, but if you want to take them to scale, oftentimes there’s a lot of risk involved, and what the loan guarantee program was designed to do was to help start up companies get to scale,” he said.
Obama mischaracterizes congressional support for the program, however. The loan to Solyndra was not part of a program developed by both Republicans and Democrats. Rather, it was entirely funded through the 2009 Recovery and Reinvestment Act, which did not receive any GOP votes.

I knew there was an explanation for this. Republicans forced Solyndra on Obama. It couldn't be Obama's fault anymore than gas prices are.
Megyn Kelly said she will report on this next hour.

26 posted on 03/22/2012 10:16:28 AM PDT by sickoflibs (Obama : "I will just make insurance companies give you health care for 'free, What Mandates??' ")
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To: EGPWS
Has any OTHER candidate for POTUS ever run against Congress or is 0bama the first?

Run against Congress? Forget that. Obama runs against the Constitution and the founders: “Our Founders designed a system that makes it more difficult to bring about change than I would like sometimes.”

27 posted on 03/22/2012 10:16:58 AM PDT by Maceman (Liberals' only problem with American slavery is that the slaves were privately owned.)
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To: Sub-Driver

“Congress — Democrats and Republicans — put together a loan guarantee program because they understood historically that when you get new industries, it’s easy to raise money for start-ups, but if you want to take them to scale, oftentimes there’s a lot of risk involved, and what the loan guarantee program was designed to do was to help start up companies get to scale,” he said.

http://www.factcheck.org/2011/10/obamas-solyndra-problem/index.html

The stimulus bill that funded Solyndra received no Republican votes in the House and only three in the Senate — including Sen. Arlen Specter, who later switched parties.

The Energy Policy Act of 2005 that created the section 1703 loan guarantee program had the support of a majority of Republicans — who controlled both houses of Congress at the time — but not “all” of them. The House passed the conference bill 275-156, and 31 Republicans opposed it. The Senate passed it 74-26, with six Republicans voting no. Sens. Joe Biden, now Obama’s vice president, and Hillary Rodham Clinton, Obama’s Secretary of State, voted against it, as did many other Democrats. Clinton criticized the bill as too generous to the oil industry and attacked Obama for voting for it, as we wrote during the 2008 Democratic primary.


28 posted on 03/22/2012 10:19:39 AM PDT by maggief
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To: FedsRStealingOurCountryFromUs

Those wind farms are the ugliest sight I’ve seen yet. Talk about nature-unfriendly.

Where is PETA on this? Oh yeah...in bed with the EPA.

Leftists are such flaming LYING hypocrites.


29 posted on 03/22/2012 10:29:52 AM PDT by XenaLee (The only good commie is a dead commie.)
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To: Sub-Driver

Obama is not my President, “per se”.


30 posted on 03/22/2012 10:32:54 AM PDT by Kickass Conservative (A day without Obama is like a day without a Tsunami.)
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To: Sub-Driver

Uh-Oh, his lips are moving again.....


31 posted on 03/22/2012 10:34:31 AM PDT by Quickgun (Second Amendment. The only one you can put your hands on.)
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To: Sub-Driver
The solar energy start-up Solyndra, which had been the poster child of Obama’s initiative, went bankrupt in 2011, putting 1,000 employees out of work.

If you are a start up company, you don't hire 1,000 people off the bat. When my parents started their company..they hired me, my brothers and my sister. They didn't hire 1,000 people. (I doubt Sam Walton or Michael Dell or Steve Jobs hired 1,000 within the first 5 years.) My parents company to this day only has 13 employees and they started it 42 years ago.

32 posted on 03/22/2012 10:40:36 AM PDT by ExCTCitizen (If we stay home in November '12, don't blame 0 for tearing up the CONSTITUTION!!)
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To: ExCTCitizen; All

Solyndra is just a drop in the bucket, compared to the FOUR BILLION DOLLARS First Solar is going to cost you.

But, have no fear, because YOU will be repaying Warren Buffet’s $1.9 Billion investment, so he won’t lose a dime.
ISN’T FASCISM WUNNERFUL?


33 posted on 03/22/2012 10:49:59 AM PDT by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
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To: Sub-Driver
Congress just made funds available. Who pressured OMB to approve this loan with a sweetheart interest rate after the previous administration held up approval because of crappy financials ?

"The August 2009 e-mails, released exclusively to The Washington Post, show White House officials repeatedly asking OMB reviewers when they would be able to decide on the federal loan and noting a looming press event at which they planned to announce the deal.

In response, OMB officials expressed concern that they were being rushed to approve the company’s project without adequate time to assess the risk to taxpayers, according to information provided by Republican congressional investigators."

34 posted on 03/22/2012 11:11:31 AM PDT by stylin19a
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To: sickoflibs; Sub-Driver; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; calcowgirl; ...
Republicans forced Solyndra on Obama. It couldn't be Obama's fault anymore than gas prices are.

LOL! Solyndra funding (the porkulus) got 0 GOP votes in the house and 3 in the Senate (Snowe, Collins, Specter). Or was it 2? What party did Specter claim at that time?


35 posted on 03/22/2012 12:18:50 PM PDT by ding_dong_daddy_from_dumas (Fool me once, shame on you -- twice, shame on me -- 100 times, it's U. S. immigration policy.)
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To: ding_dong_daddy_from_dumas

LOL!


36 posted on 03/22/2012 12:45:12 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: sickoflibs; Sub-Driver; ding_dong_daddy_from_dumas; stephenjohnbanker; DoughtyOne; calcowgirl; ...

The Tea Party made a HUGE mistake.....they should have gone to D.C., ignored the Democrats, then castigate & villify the Republicans in the House & Senate, Boehner and McConnell in PARTICULAR!!!!

The GOP, if they had of had the BALLS, could have, on a daily basis, ridiculed Obama out of office by now. Obama commits a DAILY LIE or ATROCITY, and all we get is crickets!!!!!!!!!!!!!!!!!!!!!!!


37 posted on 03/22/2012 12:54:11 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker; Sub-Driver; ding_dong_daddy_from_dumas
RE :”The GOP, if they had of had the BALLS, could have, on a daily basis, ridiculed Obama out of office by now. Obama commits a DAILY LIE or ATROCITY, and all we get is crickets!!!!!!!!!!!!!!!!!!!!!!!

You are saying that Obama is lying about oil or Solyndra?

He says he is allowing more drilling than Bush did and that Republicans in congress came up with Solyndra, and Obama-care (except the free birth control which is his gift to women.)

He says any person hired in this country is because of him, but high gas prices are others fault. He says the economy would be at full employment now if only house Republicans made you rich guys pay your fair share.

You are saying we should challenge these claims?

38 posted on 03/22/2012 1:11:22 PM PDT by sickoflibs (Obama : "I will just make insurance companies give you health care for 'free, What Mandates??' ")
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To: sickoflibs

: )


39 posted on 03/22/2012 1:20:09 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: stephenjohnbanker

Fax cat! Pay your fair share :)

Taking more of YOUR money to Pay people unemployment comp for not working has been proved to create jobs. You going to trust your eyes over Obama’s CBO numbers?


40 posted on 03/22/2012 1:25:35 PM PDT by sickoflibs (Obama : "I will just make insurance companies give you health care for 'free, What Mandates??' ")
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