CNET)–The president used the opportunity of his State of the Union address to say it’s time to “double down” on the concept but pointedly avoided mentioning Solyndra by name. “The payoffs on these public investments don’t always come right away,” Obama said. “Some technologies don’t pan out–some companies fail. But I will not walk away from the promise of clean energy.” Solyndra, which Obama personally touted as a success story in a 2010 visit to the company, became an embarrassment for the administration after its demise last fall. Subsequently released documents showed that politics infused the process, with major donors to Obama discussing the $528 million loan with the White House, and the loan taking place despite the project being rated as “junk” by Standard and Poor’s. The Washington Post reported last month that: “Since the failure of the company, Obama’s entire $80 billion clean-technology program has begun to look like a political liability for an administration about to enter a bruising reelection campaign.”
Say what you will about Obama, but the one thing you can’t deny is that the guy has serious guts. I mean not just anybody can look America in the eyes and tell them that its time to double down on clean energy projects because the green energy industry has never looked more promising after blowing at least $528 million of tax payer dollars on Solyndra. It takes certain kind of leader that can convince people to keep gambling when they are that deep in the red. Steely resolve, ice water in his veins. Green energy or bust baby. Who needs that bullshit Keystone Project? An estimated 20,000 jobs created from the Keystone pipeline across 6 states, bringing 700,000 barrels of crude oil from Canada to the US…EFF.THAT.NOISE. Give it to China. America doesn’t need cheaper crude from Canada when we can just get it from the Middle East. Burning fossil fuels is so 20th century. Burning money is the new hotness. Play on player.
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