I guess that’s why the White House was involved in helping to rewrite the terms of Solyndra’s loan.

Via Politico:

“This was not our program, per se. Congress — Democrats and Republicans — put together a loan guarantee program because they understood historically that when you get new industries, it’s easy to raise money for startups, but if you want to take them to scale, oftentimes there’s a lot of risk involved, and what the loan guarantee program was designed to do was to help start up companies get to scale,” [Obama] said.

HT: Free Beacon

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