I’ve forgotten how to speak English. Because I can’t believe I heard this. It must have been in another language I don’t understand. It’s likely the president said something else.
In an interview today with National Public Radio, Obama – sounds like – is trying to get some Republican buy-in on the blame for the Solyndra fiasco, even though the loan program was part of the stimulus he created and they opposed, and even though the administration allocated the money.
This is not passing the buck. It’s throwing the buck for a Hail Mary.
Take a listen.
Here’s the transcript of what Obama said:
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.
Please let me know if you heard and read this the way I do. Because honestly, I think it’s in some strange language that I’m unable to comprehend.