The Solyndra Lie:
Obama Tries to Deflect Blame on Solyndra, Keystone
"Obviously we wish Solyndra hadn't gone bankrupt. Part of the reason they did was the Chinese were subsidizing their solar industry and flooding the market in ways Solyndra couldn't compete. But understand, this was not our program per se."
-- President Obama talking to National Public Radio's "Marketplace."
Read more: http://www.foxnews.com/politics/2012/03 ... z1puETSkyA
Whose was it then?
Obama's first stop was in must-win Nevada, where he defended subsidies for solar energy, a tricky subject given the high-profile debacle at Solyndra, a pet project of big Obama donors that got a presidential visit and lots of public help.
While making his push for solar, Obama explained to a reporter for National Public Radio that the blame for Solyndra was bipartisan and not the fault of the Obama Democrats "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 get money for new startups," Obama said. "But if you want to take them to scale, often there is a lot of risk involved and what the loan guarantee program was designed to do was to help start-up companies get to scale."
uh-huh, Ds and Rs, er but, not really:
The 2009 stimulus package that provided the funding for a loan of $527 million for Solyndra, which subsequently defaulted, got zero Republican votes in the House and three Republican votes in the Senate -- Maine Sens. Olympia Snowe and Susan Collins and former Pennsylvania Sen. Arlen Specter, who switched parties two months after the vote. There was no Republican input on the structuring of the energy loan program and the specific loan to Solyndra was a Democratic job from start to finish.
OK, so if it wasn't really a Bipartisan choice, why then was the loan given?
Solyndra, the pet project of a major Obama backer, George Kaiser,
Ahhhhh, it's the old bird, crony capitalism. I thought that was a Republican thing.
Come on though. This is FUX News, yo. What's fact check say?
Obama’s Solyndra Problem
Posted on October 7, 2011
President Obama exaggerated when defending his administration’s approval of a $535 million loan guarantee to Solyndra, a now-defunct solar company.
Obama referred to Solyndra’s loan at an Oct. 6 press conference as “a loan guarantee program that predates me.” That’s not accurate. It’s true that the Energy Policy Act of 2005 created a loan guarantee program for clean-energy companies developing “innovative technologies.” But Solyndra’s loan guarantee came under another program created by the president’s 2009 stimulus for companies developing “commercially available technologies.”
The president also overstated past Republican support for the program, saying “all of them in the past have been supportive of this loan guarantee program.” Republicans overwhelmingly opposed the American Recovery and Reinvestment Act of 2009, and some of them even voted against the Energy Policy Act of 2005 at a time when Republicans controlled both houses of Congress.
Lastly, the president deemed the loan guarantee program “successful” overall. But it is too soon to say.
Asked whether the Solyndra controversy gave him “pause about any of the decision-making going on in your administration,” Obama first talked about the loan guarantee program.
Obama, Oct. 6: Solyndra — this is a loan guarantee program that predates me that historically has had support from Democrats and Republicans as well. And the idea is pretty straightforward: If we are going to be able to compete in the 21st century, then we’ve got to dominate cutting-edge technologies, we’ve got to dominate cutting-edge manufacturing.
The loan guarantee program that provided financing for Solyndra, however, does not predate Obama.
The president also overstated the level of Republican support for the program when he said “all of them in the past have been supportive of this loan guarantee program.”
Obama, Oct. 6: And by the way, let me make one last point about this. I heard there was a Republican member of Congress who’s engaging in oversight on this, and despite the fact that all of them in the past have been supportive of this loan guarantee program, he concluded, you know what? We can’t compete against China when it comes to solar energy.
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.
Liar liar http://www.factcheck.org/2011/10/obamas ... a-problem/
Big fat liar still lying about his old lies.