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  • Obama: Solyndra Got Loan 'On the Merits' (Obama proves a rock is smarter than him)

    10/06/2011 2:51:21 PM PDT · by tobyhill · 26 replies
    abc ^ | 10/6/2011 | MATTHEW MOSK
    President Obama said Thursday that his administration has loaned billions to start-up high tech firms like the now-bankrupt solar firm Solyndra based not on political influence, but "on the merits." "I have confidence decisions were made based upon what's good for the American people," Obama said in a press conference Thursday in response to questions from ABC News senior White House correspondent Jake Tapper. "There were going to be some companies that did not work out. Solyndra was one of them." The president addressed multiple questions Thursday about Solyndra, the first recipient of a government loan under a program to...