Solargate: Barack Obama blames China and the Congress for Solyndra
In an interview held earlier today, Barack Obama was asked if his “all of the above” strategy for energy independence was right considering that the government lended taxpayer money under the stimulus plan to several companies which subsequently filed for bankruptcy–the most prominent being Solyndra, which was awarded $500 million in stimulus loans before it went under.
Barack Obama defended the program, claiming that it was right, while at the same time trying to distance himself from his failed policy:
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
According to Barack Obama it is both the Chinese and the Congress who are to blame for his policy failures. He is actually trying to distance himself from his green energy initiative which he was once so proud of, suddenly it wasn’t his plan. Putting aside the China excuse I want to focus on his assertion that the Congress is to blame for Solyndra. What he is basically saying is that it is the fault of the Congress for giving him this money to spend as he wished, and I can actually agree with that sentiment a little bit, I wouldn’t give him a single nickel to pursue his radical agenda, but that isn’t the point here.
For several months leading up to this interview Harry Reid and other Democrats have been telling the people that the Republicans are anti-environment, going so far as to claim that Republicans want to poison the water, and stating that Republicans want the people to breathe dirty air. But now suddenly the party of no is somehow duplicitous in this failed policy? I think not. In one day the Republicans have gone from being an obstructionist party to being part of a bipartisan agreement that led to the loss of millions of dollars in taxpayer money?
Barack Obama is willfully neglecting a couple of the pertinent facts. Solyndra was always seen to be a risky investment, even President Bush denied giving the company a loan because of this risk, yet it was Barack Obama who fast tracked the Solyndra review for political reasons. It was also Barack Obama who rewrote the rules of the stimulus bill (the one he is blaming the Congress for) in order to protect a major contributor to himself and the Democrat party, thusly removing taxpayer protections from the original stimulus bill. He is now trying to blame the Congress, but in my opinion the changes he made to the law abdicate any responsibility the Congress might have shared in this debacle. It is quite disingenuous for Barack Obama to blame the Congress for a program he altered before granting Solyndra the loan.
After three years in office Barack Obama has not taken responsibility for a single one of his failed policies and this is the latest example. It is time for Barack Obama to own up to his mistake and admit that his reckless spending on unproven technologies has not helped bring down the price of oil one bit, and actually has only deepened the pain Americans are feeling at the pump.