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 nations 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 thats 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 Obamas 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 hadnt 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, its easy to raise money for start-ups, but if you want to take them to scale, oftentimes theres 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 ...
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.
Øbama is lower than a POS.
There, I don’t have to apologize to small pieces of excrement if I write it that way.....
That line did not work for Sean Payton either.
Sadly almost 1/2 will.
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.
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.
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.
Congress Democrats and Republicans put together a loan guarantee program because they understood historically that when you get new industries, its easy to raise money for start-ups, but if you want to take them to scale, oftentimes theres 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 Obamas vice president, and Hillary Rodham Clinton, Obamas 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.
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.
Obama is not my President, “per se”.
Uh-Oh, his lips are moving again.....
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.
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?
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?
LOL!
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!!!!!!!!!!!!!!!!!!!!!!!
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?
: )
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?
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