President Obama Takes Credit Then Shifts Blame On Solyndra

The RNC rapid response team have put out a new ad which uses part of an interview today where President Obama tried to shift blame for Solydra to Congress. During an interview with President Obama said, “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 start up companies get to scale. And the understanding is is that some companies are not going to succeed, some companies will 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.”

Here is the new RNC ad, “Obama Takes Credit, Then Shifts Blame on Solyndra;”

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