(CNN) – In keeping with the Republican message of the week – that President Barack Obama is bad for job creators – the Republican National Committee released a video on Thursday using the failed energy company Solyndra to bolster their message.
The minute-long video is a collection of news reports surrounding the solar energy company that received a government loan guarantee of over $500 million and later filed for bankruptcy.
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"Obama's taxpayer-funded investments failed, and thousands of workers lost their jobs," the screen reads at the end of the video. "Obama has yet to take responsibility."
RNC Chairman Reince Priebus said Solyndra exemplifies the president's record on job creation, and is further evidence of why presumptive Republican presidential nominee Mitt Romney, with his private sector experience, should win the White House in 2012.
"I guess we can't be surprised with the economic results we have received over the past three years. Barack Obama has never run a business. He's never met a payroll and hasn't created a single job. The only thing he's ever managed is his personal narrative," Priebus said in a statement. "America needs Mitt Romney in the White House because he's spent time in both the private and public sector and understands how to get Americans back to work."
Obama administration officials have defended the move as a disappointing result of baking innovative technology and vowed to continue investing in clean energy.
Stephanie Cutter, Obama's 2012 deputy campaign manager, said the loan program responsible for the Solyndra money was part of a larger, successful plan.
"It's one of many many different investments under this loan program," Cutter said Thursday in an interview for CNN's "The Situation Room." "This loan program is working, tens of thousands of jobs. As a result of these investments, hundreds of thousands of jobs have been created, and we've doubled our renewable energy portfolio."
The latest RNC video follows one from the Romney campaign released earlier in the week that accused Obama of giving away "billions of taxpayer dollars to companies that later failed, including companies that were run by Democrat donors," and a similar message trumpeted by Crossroads GPS, an independent conservative group.
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To: Governor 47th in Job Growth "Fact: the Solyndra loan guarantee was a multi-year process that the Bush Administration launched in 2007."
Fact: Although there were serious concerns in the Obama administration about this loan, nothing was done. In fact, it was swept under the rug as it would have been embarrassing to Obama. Tying to blame Bush for Obama's authorization of the loan is pitiful indeed!
"Back when W was racking up some incredible debt."
As opposed to Obama's record deficit spending? More than any president in the history of our country? You're such a hypocrite!
Anyone with half a brain can clearly see that Obama used clean energy and taxpayers money to pay off his campaign contributors. Obama has done more damage to clean energy awareness than the reps ever did..
I guess they prefer no-bid contracts for Cheneys friends at Halliburton. Ojh, and let's not forget Dead-Eye Dick getting PAID by Halliburton the entire time he was in the WH.
Solydra is old news.... Lets talk "First Solar", another new Obama failure !
Again.....Liberals are hilarious.....They are more worried about what Romney does with his own money, then what Obama does with theirs. The RNC ads/videos do not even tell the entire story of what Obama has done with tax payers' money. Go and do a search for this article by Marc Thiessen, Washington Post, from May 24, 2012, the title of the article is "Forget Bain – Obama's Public-Equity Record is the Real Scandal".
@ Dr KnowItAll,
Might need a new name. Again, the FACT is Solyndra was initiated under Bush. Here's a handy timeline to help you know it better:
February 2006 – October 2006: In February, Solyndra raises its first round of venture financing worth $10.6 million from CMEA Capital, Redpoint Ventures, and U.S. Venture Partners. In October, Argonaut Venture Capital, an investment arm of George Kaiser, invests $17 million into Solyndra. Madrone Capital Partners, an investment arm of the Walton family, invests $7 million. Those investments are part of a $78.2 million fund.
December 2006: Solyndra Applies for a Loan Guarantee under the 1703 program.
Late 2007: Loan guarantee program is funded. Solyndra was one of 16 clean-tech companies deemed ready to move forward in the due diligence process. The Bush Administration DOE moves forward to develop a conditional commitment.
October 2008: Then Solyndra CEO Chris Gronet touted reasons for building in Silicon Valley and noted that the “company’s second factory also will be built in Fremont, since a Department of Energy loan guarantee mandates a U.S. location.”
Yeah, the truth hurts.., unless your part of Obama's collaberating news network.
Wow, I can't believe how many people out there are buying this left wing media bias. Puddin, did you know Obama had two years without his hands tied, as you like to call it? All he did was waste our money. Wake up America.
"As opposed to Obama's record deficit spending?"
Check your facts, Real. You are wrong.
"The RNC ads/videos do not even tell the entire story of what Obama has done with tax payers' money"
Of course, not, all the RNC does is lie.
"Wow, I can't believe how many people out there are buying this lright wing media bias"
Fixed it for ya, no charge.
@ Keeping It Real(ly Wrong)
Despite putting both of Georgie's wars on the books to avoid using Enron type accounting, and allocating TARP where it began, Govt growth under Obama = 1.7, Care to venture a guess where your heroes were (Bush 1 or 2 or Reagan)? I'll clue you in, no you don't.
Can't argue with facts Keeping It Really Wrong, you don't get to do a Trump and call facts opinions.
A hypocrite would be someone crying about the deficit now, when deficits didn't matter before.....allow me to hand you a mirror.
Try harder next time.