After all, it’s just $535 million.
Barack Obama told George Stephanopoulos today that he does not regret touting Solyndra as a model of his jobs program just months before its collapse.
ABC News reported:
President Obama told ABC News Monday that he does not regret touting the solar company Solyndra as a model of his jobs program, or loaning $535 million in taxpayer money to the company before it declared bankruptcy.
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“Hindsight is always 20/20,” Obama told “Good Morning America” anchor George Stephanopoulos in an interview broadcast online Monday. “It went through the regular review process and people felt that it was a good bet.” The interview was the first under a new alliance between ABC News and Yahoo News.
ABC News asked the president about the Solyndra loan as Congress released White House emails that show a top donor to Obama was in direct contact with one of the president’s closest advisers about the federal energy loan program. Steve Westly, a California venture capitalist who raised more than $500,000 for Obama’s campaign, exchanged emails with Valerie Jarrett, one of Obama’s closest advisers, to warn her about political fallout that could ensue if the president visited the factory being built by Solyndra.
Of course, the Obama Administration was warned about Solyndra but went ahead with the funding anyway. But, there was no way George Stephanopoulos was going to point this out to Barack Obama on national TV.