It’s official, President Obama knows there is no chance of the mainstream media calling him out for blatantly lying to the American people. What other excuse could there be for his latest statements on Solyndra?
Here is what President Obama had to say:
“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 startup companies get to scale.”
Glenn couldn’t help but point out that with President Obama seemingly being intent on “transforming” the media that he has a startup company doing the very same thing. Regardless of the fact that Glenn’s company is probably not on the President’s ‘media companies he’d like to help’ list (although he probably wouldn’t mind transforming Glenn's company), Glenn is well aware of something the Democrats in Washington never will, “It’s not my money to take from the American people.”
Stu agreed, and pointed out that the American people didn’t ask Obama to take this financial risk with their money.
Glenn compared it to gambling with the American people’s money, and compared it to what people in the private sector do with the stock market. “I’m going to put my money into investing in a company because I believe, me personally, my hard earned money should go here, because I believe in the project or I believe this company has a chance of success,” Glenn said.
“This guy will take credit for absolutely everything that goes right, and anything that goes wrong—not his fault,” Glenn pointed out while giving the example of how he took credit for the death of Osama bin Laden.
“He’s doing that with the auto industry,” Pat chimed in, “which I don’t think has really gone right, but he’s taking credit for a program that he didn’t do.”
Glenn took the conversation back to the topic of Solyndra, and what Obama said when he first announced the program, and all the credit he gave himself for advancing "green" energy.
Here are a few excerpts of the Presidents speech at the Solyndra plant in California:
"Fifteen years ago, the United States produced 40 percent of the world’s solar panels -- 40 percent. That was just 15 years ago. By 2008, our share had fallen to just over 5 percent. I don’t know about you, but I’m not prepared to cede American leadership in this industry, because I’m not prepared to cede America’s leadership in the global economy.
So that’s why we’ve placed a big emphasis on clean energy. It’s the right thing to do for our environment, it’s the right thing to do for our national security, but it’s also the right thing to do for our economy.
And we can see the positive impacts right here at Solyndra. Less than a year ago, we were standing on what was an empty lot. But through the Recovery Act, this company received a loan to expand its operations. This new factory is the result of those loans."
Later in his speech, he goes on to praise the longevity of companies like Solyndra, the jobs they will help create, and, of course, the coming "transformations of the way we power our homes."
"Here at this site, Solyndra expects to make enough solar panels each year to generate 500 megawatts of electricity. And over the lifetime of this expanded facility, that could be like replacing as many as eight coal-fired power plants. It’s also worth noting, to achieve this doubling of our share of solar capacity, we actually need to make four times as many solar panels, because other countries are adding capacity, too. Nobody in this race is standing still.
So these steps are helping to safeguard our environment. They’re helping to lower our dependence on oil. At a time when people are struggling and looking for work, these steps are helping to strengthen our economy and create jobs. We all know how important that is, because times here in California are still tough. It’s going to take time to replace the millions of jobs we lost in this recession.
Unemployment remains high, even though the economy is growing and has started adding hundreds of thousands of jobs each month. So it took years to dig our way into this hole; we’re not going to dig our way out overnight. But what you are proving here -- all of you, collectively -- is that as difficult as it will be, as far as we’ve got to go, we will recover. We will rebuild. We will emerge from this period of turmoil stronger than ever before.
That’s not all. You’re also proving something more. Every day that you build this expanded facility, as you fill orders for solar panels to ship around the world, you’re demonstrating that the promise of clean energy isn’t just an article of faith -- not anymore. It’s not some abstract possibility for science fiction movies or a distant future -- 10 years down the road or 20 years down the road. It’s happening right now. The future is here. We’re poised to transform the ways we power our homes and our cars and our businesses. And we’re poised to lead our competitors in the development of new technologies and products and businesses. And we are poised to generate countless new jobs, good-paying middle-class jobs, right here in the United States of America."
“He was standing there at Solyndra saying this program, all of these loan guarantees are the reason that this factory is standing here today,” Stu said.
It’s not just clean energy that the President has developed his track record for epic flip flop however, his entire administration is doing the same thing on gas prices and energy policy.
Just weeks ago, Obama essentially torpedoed the development of this pipeline, but has now approved development of the pipeline in Oklahoma, hundreds of miles away from the actual oil in Canada. “Now he’s standing with a bunch of oil drums behind him trying to image himself as the big energy oil guy who’s working and taking down your gas prices,” Glenn said