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Obama Blames Congress For Solyndra: "Not Our Program, Per Se"

Cowboy

Wait for it.
GOLD Site Supporter
:wow:This is rich, now its China and the congress fault. :glare:

In an interview with Marketplace.org (full audio), President Obama defends using U.S. taxpayer money to invest in solar energy projects. During the interview, Obama was asked about Solyndra, one of the more well-known solar panel companies that failed after receiving a loan guarantee from the Department of Energy.

However, Obama told Marketplace that "this was not our program." Obama attempts to make the case that this falls on the lap of Congress because they put together the loan guarantee program. Read the transcript below.

Marketplace's Kai Ryssdal : With all respect, it was kind of a gutsy move I think to come to a solar facility. Your administration has staked a lot on clean technology, green jobs. The biggest item most people know about that strategy is, of course, a company named Solyndra, which your administration gave loan guarantees to, that then went bankrupt and has been the subject of many investigations. Are you doing your "all of the above" strategy right if that's what we have to show for it -- Solyndra?

Obama: We are doing the "all of the above" strategy right. Obviously, we wish Solyndra hadn't gone bankrupt. Part of the reason they did was because the Chinese were subsidizing their solar industry and flooding the market in ways that Solyndra couldn't compete. 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 startups, 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. And the understanding is is that some companies are not going to succeed, some companies will do very well -- but the portfolio as a whole ends up supporting the kind of innovation that helps make America successful in this innovative 21st century economy.

Do I wish that Solyndra had gone bankrupt? Absolutely not. And obviously it's heartbreaking what happened to the workers who were there. When you look at the overall portfolio, is it right for us to make sure that we're not just cashing in our chips and letting the Chinese or the Germans develop the technologies that we know are going to be critical in the future? I'm proud to say that we're going to continue to support it.​
Audio at the link. http://www.realclearpolitics.com/vi...solyndra_this_was_not_our_program_per_se.html
 

Melensdad

Jerk in a Hawaiian Shirt & SNOWCAT Moderator
Staff member
GOLD Site Supporter
Anyone else notice that www.FactCheck.org called Obama a friggin liar again?

Yup, while Obama proclaims that the Solyndra deal was "Bush's Fault!" the folks over at FactCheck.org provide all the proof required to prove that it was Obama who is at fault.

Obama has previously argued that the Department of Energy program used to finance a $535 million federal loan guarantee to Solyndra “predates” his presidency.

That’s an exaggeration of the truth, according to FactCheck.org: “Solyndra’s loan guarantee came under another program created by the president’s 2009 stimulus for companies developing ‘commercially available technologies.’” Oh, and they were pushed by the Obama team. Oh, and the Obama team got involved in the deal to protect the investors that helped fund Obama's campaign so they got paid even when the taxpayers got screwed.
 

Cowboy

Wait for it.
GOLD Site Supporter
He sure seems to be proud to take the credit for it here. :ermm:

[ame="http://www.youtube.com/watch?v=xp5Kuva8eAY"]PRESIDENT OBAMA SPEAKING AT SOLYNDRA - YouTube[/ame]
 

Big Dog

Large Member
Staff member
GOLD Site Supporter
Anyone else notice that www.FactCheck.org called Obama a friggin liar again?

Yup, while Obama proclaims that the Solyndra deal was "Bush's Fault!" the folks over at FactCheck.org provide all the proof required to prove that it was Obama who is at fault.

Obama has previously argued that the Department of Energy program used to finance a $535 million federal loan guarantee to Solyndra “predates” his presidency.

That’s an exaggeration of the truth, according to FactCheck.org: “Solyndra’s loan guarantee came under another program created by the president’s 2009 stimulus for companies developing ‘commercially available technologies.’” Oh, and they were pushed by the Obama team. Oh, and the Obama team got involved in the deal to protect the investors that helped fund Obama's campaign so they got paid even when the taxpayers got screwed.

Oh and Bush nixed it before he left office!
 

Melensdad

Jerk in a Hawaiian Shirt & SNOWCAT Moderator
Staff member
GOLD Site Supporter
He sure seems to be proud to take the credit for it here. :ermm:

PRESIDENT OBAMA SPEAKING AT SOLYNDRA - YouTube

Oh and Bush nixed it before he left office!

Both of you guys are making classic mistakes. BD, you are bringing up the truth and that is not convenient so he has to make up a new one to suit his needs. Cowboy, you are bringing up what he said, which is not what works for him today, so clearly that is a photo-shopped video that was manufactured by the vast right wing conspiracy to make him look bad.
 

Big Dog

Large Member
Staff member
GOLD Site Supporter
He has to try, the ship is sinking even with the "weak" republican field the MSM keeps hammering us with. Says a lot about about how great he and his "accomplisments" got him to not have a slam dunk!
 
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