Obama blames Republicans for Solyndra failing.

Doesn't he blame the republicans for everything? Good grief.

Philokalia

It doesn't matter who made them fail. The fact of the matter is that money SHOULD NOT have been given to them under ANY circumstances by the federal government. Both administrations are to blame for giving away money that they shouldn't be spending.

Republicans are hardly blameless with Solyndra. The whole fiasco began under Bush. And the investors behind Solyndra contributed heavily to both Democrat and Republican campaigns. Both sides get to shoulder the blame for this one.

worlock77

Nah, that doesn't fly here. Republicans almost unanimously voted against the stimulus. That lays the blame squarely on the democrats.

Until you can show Republicans in congress going to bat for Solyndra under the Bush administration, the facts speak for themselves.

Obama has done no wrong here, he inherited a bad situation.

aren't you a Romney supporter? it's gotta bug you when he makes false statements all the time, right?ZumaJones07

What situation did he inherit? What are you even talking about? We're not talking about jobs or the economy, we're talking about him lying about who the blame for Solyndra falls on.

I heard Obama blamed Republicans for the denial of the Keystone Pipeline too. Obama is flat out lying.

[QUOTE="Philokalia"]

Doesn't he blame the republicans for everything? Good grief.

ZumaJones07

So you really think Republicans are to be blamed for the failure that is Solyndra?

I heard Obama blamed Republicans for the denial of the Keystone Pipeline too. Obama is flat out lying.

ristactionjakso

And Republicans blame Obama for Solyndra. The reality is that the company received significant support from both parties and would never have gotten the finances that it received without said bipartisan support.

But more importantly, there is always going to be risk involved with venture capital investments - whether they be public or private investors. If Solyndra was a risk free investment, there'd be no need for the government to invest in the company. There is a need for the government to invest in many infant industries if they are to ever get off their feet.

[QUOTE="Serraph105"]

to be fair Solyndra was being funded by the Bush administration before the Obama admin, but I hardly consider more money being given to the company as a reason for Solyndra going bankrupt. I don't really see either administration shouldering the blame for the bankruptcy of this particular company so much as I see the idiocy of the company itself.

whipassmt

And Republicans blame Obama for Solyndra. The reality is that the company received significant support from both parties and would never have gotten the finances that it received without said bipartisan support.

But more importantly, there is always going to be risk involved with venture capital investments - whether they be public or private investors. If Solyndra was a risk free investment, there'd be no need for the government to invest in the company. There is a need for the government to invest in many infant industries if they are to ever get off their feet.

-Sun_Tzu-

As noted in the article, Obama was ready to take full credit for Solyndra in 2010:

""Less than a year ago, we were standing on what was an empty lot," Obama said at the time. "But through the Recovery Act, this company received a loan to expand its operations. This new factory is the result of those loans."

You think he would be touting Republican support if this comapny was a succes? Yeah right! Please back up your claim that this loan had "significant support" from the GOP.

Not a single house Republican voted for the president's stimulus bill. Only 3 did in the senate. Yet:

In a March 2009 press release announcing a $535 million loan guarantee for Solyndra, the Energy Department said: "This loan guarantee will be supported through the President's American Recovery and Reinvestment Act, which provides tens of billions of dollars in loan guarantee authority to build a new green energy economy." Damien LaVera, an Energy Department spokesman, confirmed that Solyndra's funding came solely from section 1705.

Link

Face it, this is Obama's mess. It would be so much easier if he just came out and owned up to it. Instead he has to play political games.

[QUOTE="-Sun_Tzu-"]

And Republicans blame Obama for Solyndra. The reality is that the company received significant support from both parties and would never have gotten the finances that it received without said bipartisan support.

But more importantly, there is always going to be risk involved with venture capital investments - whether they be public or private investors. If Solyndra was a risk free investment, there'd be no need for the government to invest in the company. There is a need for the government to invest in many infant industries if they are to ever get off their feet.

limpbizkit818

As noted in the article, Obama was ready to take full credit for Solyndra in 2010:

""Less than a year ago, we were standing on what was an empty lot," Obama said at the time. "But through the Recovery Act, this company received a loan to expand its operations. This new factory is the result of those loans."

You think he would be touting Republican support if this comapny was a succes? Yeah right! Please back up your claim that this loan had "significant support" from the GOP.

Not a single house Republican voted for the president's stimulus bill. Only 3 did in the senate. Yet:

In a March 2009 press release announcing a $535 million loan guarantee for Solyndra, the Energy Department said: "This loan guarantee will be supported through the President's American Recovery and Reinvestment Act, which provides tens of billions of dollars in loan guarantee authority to build a new green energy economy." Damien LaVera, an Energy Department spokesman, confirmed that Solyndra's funding came solely from section 1705.

Link

Face it, this is Obama's mess. It would be so much easier if he just came out and owned up to it. Instead he has to play political games.

"Solyndra got its federal footing thanks to a program in the 2005 energy law signed by President George W. Bush and passed by a Congress controlled entirely by Republicans."

"President and CEO Brian Harrison is a registered Republican."

"And another venture capital firm, Madrone Capital Partners, which is tied to the GOP-leaning Walton family, was one of 10 firms that helped Solyndra raise about $144 million in November 2008."

http://www.politico.com/news/stories/0911/63484.html

The Obama administration was able to loan money to Solyndra via the stimulus bill because it expanded the Energy Policy Act of 2005, a bill that passed with significant bipartisan support (including the support of the Bush administration).

And if Solyndra ended up beign a huge success, there's no doubt that Republicans would bring attention to the significant role they had in Solyndra getting the federal loans that it received. But obviously they now want to distance themselves from the company, as does Obama, whereas Obama wanted to position himself to receive most of the credit if Solydra were to become a success right after the stimulus was passed. Everything that has been said about this issue by both parties has been nothing more than posturing. Nothing either side says has any actual reflection of the facts.

You and republicans are playing the same political games that you are criticizing Obama for. The reality is that it was a bipartisan process that went on for about half a decade, a process that made it possible for Solyndra to acquire the loans that they received.

[QUOTE="ZumaJones07"][QUOTE="Philokalia"]

Doesn't he blame the republicans for everything? Good grief.

Philokalia

So you really think Republicans are to be blamed for the failure that is Solyndra?

[QUOTE="limpbizkit818"]

[QUOTE="-Sun_Tzu-"]

And Republicans blame Obama for Solyndra. The reality is that the company received significant support from both parties and would never have gotten the finances that it received without said bipartisan support.

But more importantly, there is always going to be risk involved with venture capital investments - whether they be public or private investors. If Solyndra was a risk free investment, there'd be no need for the government to invest in the company. There is a need for the government to invest in many infant industries if they are to ever get off their feet.

-Sun_Tzu-

As noted in the article, Obama was ready to take full credit for Solyndra in 2010:

""Less than a year ago, we were standing on what was an empty lot," Obama said at the time. "But through the Recovery Act, this company received a loan to expand its operations. This new factory is the result of those loans."

You think he would be touting Republican support if this comapny was a succes? Yeah right! Please back up your claim that this loan had "significant support" from the GOP.

Not a single house Republican voted for the president's stimulus bill. Only 3 did in the senate. Yet:

In a March 2009 press release announcing a $535 million loan guarantee for Solyndra, the Energy Department said: "This loan guarantee will be supported through the President's American Recovery and Reinvestment Act, which provides tens of billions of dollars in loan guarantee authority to build a new green energy economy." Damien LaVera, an Energy Department spokesman, confirmed that Solyndra's funding came solely from section 1705.

Link

Face it, this is Obama's mess. It would be so much easier if he just came out and owned up to it. Instead he has to play political games.

"Solyndra got its federal footing thanks to a program in the 2005 energy law signed by President George W. Bush and passed by a Congress controlled entirely by Republicans."

"President and CEO Brian Harrison is a registered Republican."

"And another venture capital firm, Madrone Capital Partners, which is tied to the GOP-leaning Walton family, was one of 10 firms that helped Solyndra raise about $144 million in November 2008."

http://www.politico.com/news/stories/0911/63484.html

The Obama administration was able to loan money to Solyndra via the stimulus bill because it expanded the Energy Policy Act of 2005, a bill that passed with significant bipartisan support (including the support of the Bush administration).

And if Solyndra ended up beign a huge success, there's no doubt that Republicans would bring attention to the significant role they had in Solyndra getting the federal loans that it received. But obviously they now want to distance themselves from the company, as does Obama, whereas Obama wanted to position himself to receive most of the credit if Solydra were to become a success right after the stimulus was passed. Everything that has been said about this issue by both parties has been nothing more than posturing. Nothing either side says has any actual reflection of the facts.

You and republicans are playing the same political games that you are criticizing Obama for. The reality is that it was a bipartisan process that went on for about half a decade, a process that made it possible for Solyndra to acquire the loans that they received.

The Energy Policy Act of 2005 was amendment by the Recovery and Reinvestment Act. Not a single house GOP member voted for the Recovery act. You admit that that the administration "was able to loan money to Solyndra via the stimulus bill". So you agree with me. Great.

Where did I say Solyndra magically received funds? I didn't, nor did the site I linked too.

The fact that the CEO is a Republicans means what? That the GOP supported the loans? Are you serious right now? Of course he is going to lobby the government to get to get $500+ MILLION dollars. His party affiliation means nothing. Same with thatMadrone Capital Partners. Financial firms often play both sides of the political game to hedge their bets or in this case to make money. You have yet to prove Republican support. If Republican lawmakers were to attempt to "bring attention to the significant role they had in Solyndra getting the federal loans that it received" what would they show? That the CEO lobbied for the funds? They would have no legs to stand on because they didn't support it.

The Washington Post issued a full report on the issue. To quote the their findings from wikipedia (you can find the entire story online):

In December 2011,The Washington Postpublished an in-depth examination of the scandal and the other elements of the Obama green technology program. ThePostconcluded that politics played a key role in the decision making process both in the case of Solyndra and other projects. ThePostshowed that officials sometimes disregarded warnings that financial concerns of the companies in question could damage the credibility of the program. It also showed that administration officials were quite concerned about potential political repercussions of Solyndra's financial difficulties and perhaps influenced key layoffs to be delayed until after the 2010 election.[37]However, neither thePostreport nor a batch of e-mails released by the Energy and Commerce Committee in November, 2011 document that politics influenced the loan decision.

Only thing they didn't show was explicitproof of political influence on the deal. But it's clear from their investigation that it happened. This program was one of Obama's flagship job/energy projects for his re-election campaign. The fact that you are falling for his political spin is disheartening. I already plan on sending the president an etch-a-sketch. Looks like you may need one too.