Obama Took Credit for
Solyndra in 2010

BY:

President Obama tried to blame Congress for the failure of Solar Panel firm Solyndra on his four-state energy tour this week.

But the president took credit for the $500 million loan to the program in 2010.

"We can see positive impacts right here at Solyndra," he said. "Through the recovery act, this company received a loan to expand its operations. This new factory is the result of those loans."

In a radio interview on Tuesday, the president blamed both parties in congress for the loan program.

""Understand, this was not our program per se," Obama said. "Congress–Democrats and Republicans–put together a loan guarantee program … to help start-up companies get to scale."

Though the loan program was a part of the nearly $1 trillion stimulus program congress passed, the administration helped to restructure the loan to the company’s advantage. The chief investor in Solyndra, George Kaiser, raised between $500,000 and $1 million for Obama’s 2008 campaign.

Both speeches are now featured in a new Youtube ad put out by the Republican National Committee on Thursday.

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