The solar energy start-up Solyndra, which had been the poster child of Obama’s 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 hadn’t gone bankrupt,” Obama said. “But understand: This was not our program per se.”
Does anyone doubt Barack Obama would be taking credit for Solyndra if it were successful? Obama blames Congress and the Chinese. Obama: "It's Bush's fault!"
Friday Night Document Dump: All Obama hands on deck!
Prior EBL posts:
Wind-tastic, sorry eagles you have to pay the price of green energy!
Obama's Crony Capitalist Friends
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