Barack Hussein Obama is the most pathologically dishonest weasel who has ever lived in or even VISITED the White House:
Good Grief: Obama Attempts To Include Republicans In Blame For Solyndra
March 22, 2012 – 2:06 pm
No, seriously, he really tries this
(Fox News) 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.”
Except, as usual, Obama has his facts 100% wrong
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.
Even ABC News’ Devin Dwyer calls BS on this, reiterating the above paragraph, and adding
During a May 2010 visit to Solyndra, Obama explicitly credited the Recovery Act with supporting the company’s early success.
The man is shameless.
It just makes you shake your head. And then hang it in shame that this kind of lying turd is actually our president.
Democrats continue to repeat the outright and outrageous lie that the Bush administration was responsible for this fiasco. Here are the facts on that:
The bottom line remains that the Bush Administration did not approve the Solyndra loan guarantee. And just before they headed out of town, Bush officials ordered the project back to the drawing board.
Democrats argue the Energy Department first received the loan request in December 2006. By January 2009, it was still under consideration. That month, the department’s Loan Guarantee Credit Committee put the project on hold.
In a terse one-page memo, dated Jan. 9, 2009, the committee noted that the “apparent haste in recommending the project meant that certain LGPO (Loan Guarantee Program Office) credit procedures were not adhered to.”
It further stated that: “While the project appears to have merit, there are several areas where the information presented did not thoroughly support a finding that the project is ready to be approved at this time.” It then cited four areas of concern.
First was the lack of any “independent market study addressing long-term prospects for this specific company.” An independent credit assessment had “raised the issue of obsolescence in marketing this project.” Obsolescence? That’s never a good word to hear in a product marketing study.
Second, it noted that the committee had never seen a supposed sales agreement the company had for its product even though an unnamed “outside legal advisor” had. In other words, the committee only had vague assurances that there was even a buyer for the product.
Third, it noted, “There are questions regarding the nature and the strength of parent guarantee for completion of the project.” In other words, the committee wasn’t convinced the project would even be finished.
Fourth and finally, it vaguely noted “concern” over production start “scale-up” at a second Solyndra facility.
The memo concludes by saying “the number of issues unresolved makes a recommendation for approval premature at this time” and sent the project back to the LGPO for “further development of information.”
That strikes Capital Hill as a pretty damning — not to mention prescient — analysis of the Solyndra loan proposal. The loan wasn’t ready and Bush’s Energy Department wasn’t going to approve it. If Solyndra had proved to be a success, green energy fans would today probably be claiming the Bush White House had dragged its feet and endangered the project.
At the very least it shows that the Bush administration was doing the “due diligence” that DeGette questioned.
Bush did everything but drive a stake through the Solyndra loan guarantee’s heart in January of 2009. His administration identified not one but four compelling reasons why the loan project should NOT go ahead. But by March of 2009 – in complete abdication of consideration of any of the concerns the Bush administration identified – that loan was moving full speed ahead by Obama and ONLY by Obama.