DOE Official: Obama’s Wonderful Job-Creating Efforts With Solyndra Weren’t Really Intended to Create Jobs

Posted by on Jul 12, 2012 at 3:05 pm

Savor the spin.

“The predominance of our portfolio — and the objective, really, of the act — is to be creating large infrastructure, utility-scale projects; and, by definition, they are not a multiplier for job creation,” Frantz told a Joint Hearing on the No More Solyndras Act that would ban the loan guarantee program.

Thanks for clearing that up. And oh, look out for that bus, dude.

“When it’s completed in a few months, Solyndra expects to hire a thousand workers to manufacture solar panels and sell them across America and around the world,” Obama said in 2010. “And this in turn will generate business for companies throughout our country who will create jobs supplying this factory with parts and materials.  So there’s a ripple effect.  It’s not just localized to this area.”

2 Responses to “DOE Official: Obama’s Wonderful Job-Creating Efforts With Solyndra Weren’t Really Intended to Create Jobs”

  1. Blue Hen on 12/12/12 at 3:26 pm

    So either Solyandra was a roaring success at not creating jobs, and Obama doesn’t know what he’s talking about.


    This was supposed to have created jobs that lasted longer than a fruit fly, and didn’t. In which case, this guy is lying out his ass.



    Yeah, these people deserve re-election. Do we know if any of the money flushed with Solyandra is sitting in a Swiss account right now? I’ve heard that such details are really importnat.

  2. Jim on 23/23/12 at 2:26 am

    Actuakky, both things can be true (not that the poster cares). The first quote is from the perspective of the rep testifying befor congress reporting on an investment portfolio, the second was the President tlking about real-world consequences of a large scale ramp-up (as spoken of in the first quote).

    I know this jumps in front of the I hate Obama train buut these things dont happen in a vaccum. If you make a large investment to fundamentally change our power grid, there will be some job growth, some job transfer and some losses but the idea that the solar induustry is a growth industry is not new, original or even under much controversy, which is why ths Solyndra story isnt much of a story.