I see we’re still trying to pick winners and losers from behind the Resolute desk:
President Obama Monday said he does not regret a half-billion dollar government loan to the now-bankrupt solar energy company Solyndra and vigorously defended his administration’s policy of providing assistance to similar entities.
“No I don’t,” the president said when asked directly if he regretted the $535 billion federal loan guarantee in 2009. “Because if you look at the overall portfolio of loan guarantees that had been provided, overall it’s doing well. And what we always understood is that not every single business is going to succeed in clean energy.”
I bet he’d have regrets if he’d been investing his money instead of ours.
POSSIBLY RELATED: The battery that gets 130 miles to the gallon! That sounds even cooler than my 70 mile-per-hour toaster.