Intermarkets' Privacy Policy
Support
« Of Course: John Edwards Reportedly Connected To High-End NY Prostitution Ring | Main | Teacher Assigns Virginia Middle Schoolers Task of Doing Opposition Research on Republican Candidates; No Similar Assignment For Obama »
March 22, 2012

Obama: We Didn't Create The Program That Gave Money To Solyndra

Looks like the only heat Solyndra is now producing is on our feckless President.

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 start-ups, but if you want to take them to scale sometimes 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 that some companies are not going to succeed, some companies are going to 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 it happened for the workers who were there.

There was an earlier loan program but as you might recall, the Bush administration refused to give Solyndra a loan under that. They only got the money after a new program was created under the so-called "stimulus" bill.

That Obama feels the need to lie about this shows they know the issue is cutting against them. Time to double down on it GOP.


digg this
posted by DrewM. at 11:31 AM

| Access Comments




Recent Comments
Kindltot : "Wasn't Oscar de La Renta in the fight of the centu ..."

ghost of hallelujah : "Kasich may have been somewhat misquoted. But he e ..."

weft cut-loop[/i] [/b]: "[i]Does anyone read theeventchronicle.com?Posted b ..."

Soothsayer is All Knowing of Approximate Knowledge: " others said it was a satire site ..."

canada goose livigno parka womens: "Heya! I'm at work surfing around your blog from my ..."

Misanthropic Humanitarian, let's bungle in the jungle : "60 >> So, I'm not sure who to believe on this one. ..."

canada goose livigno parka website: "Everyone loves what you guys are up too. This kind ..."

canada goose langford parka xs: "Hello there! This is my first visit to your blog! ..."

canada goose like jackets: "Please let me know if you're looking for a writer ..."

canada goose look alike jackets: "Howdy would you mind letting me know which web hos ..."

canada goose lodge jacket sale: "My partner and I stumbled over here by a different ..."

canada goose lodge down vest: "Woah! I'm really loving the template/theme of this ..."

Recent Entries
Search


MuNuvians
Polls! Polls! Polls!
Frequently Asked Questions
The (Almost) Complete Paul Anka Integrity Kick
Top Top Tens
Greatest Hitjobs

The Ace of Spades HQ Sex-for-Money Skankathon
A D&D Guide to the Democratic Candidates
Margaret Cho: Just Not Funny
More Margaret Cho Abuse
Margaret Cho: Still Not Funny
Iraqi Prisoner Claims He Was Raped... By Woman
Wonkette Announces "Morning Zoo" Format
John Kerry's "Plan" Causes Surrender of Moqtada al-Sadr's Militia
World Muslim Leaders Apologize for Nick Berg's Beheading
Michael Moore Goes on Lunchtime Manhattan Death-Spree
Milestone: Oliver Willis Posts 400th "Fake News Article" Referencing Britney Spears
Liberal Economists Rue a "New Decade of Greed"
Artificial Insouciance: Maureen Dowd's Word Processor Revolts Against Her Numbing Imbecility
Intelligence Officials Eye Blogs for Tips
They Done Found Us Out, Cletus: Intrepid Internet Detective Figures Out Our Master Plan
Shock: Josh Marshall Almost Mentions Sarin Discovery in Iraq
Leather-Clad Biker Freaks Terrorize Australian Town
When Clinton Was President, Torture Was Cool
What Wonkette Means When She Explains What Tina Brown Means
Wonkette's Stand-Up Act
Wankette HQ Gay-Rumors Du Jour
Here's What's Bugging Me: Goose and Slider
My Own Micah Wright Style Confession of Dishonesty
Outraged "Conservatives" React to the FMA
An On-Line Impression of Dennis Miller Having Sex with a Kodiak Bear
The Story the Rightwing Media Refuses to Report!
Our Lunch with David "Glengarry Glen Ross" Mamet
The House of Love: Paul Krugman
A Michael Moore Mystery (TM)
The Dowd-O-Matic!
Liberal Consistency and Other Myths
Kepler's Laws of Liberal Media Bias
John Kerry-- The Splunge! Candidate
"Divisive" Politics & "Attacks on Patriotism" (very long)
The Donkey ("The Raven" parody)
News/Chat
Archives
Powered by
Movable Type 2.64