A Project of The Annenberg Public Policy Center

Obama’s Solyndra Problem

President Obama exaggerated when defending his administration’s approval of a $535 million loan guarantee to Solyndra, a now-defunct solar company.
Obama referred to Solyndra’s loan at an Oct. 6 press conference as “a loan guarantee program that predates me.” That’s not accurate. It’s true that the Energy Policy Act of 2005 created a loan guarantee program for clean-energy companies developing “innovative technologies.” But Solyndra’s loan guarantee came under another program created by the president’s 2009 stimulus for companies developing “commercially available technologies.”

Distorting Obama

Summary

McCain released a Web ad that distorts Obama’s positions on clean-energy innovation and nuclear power.

The ad portrays Obama as saying "no" to energy "innovation" and to "the electric car." In fact, Obama proposed a $150 billion program of research into a wide variety of clean-energy technologies last year, long before McCain proposed to award a $300 million prize for developing a commercially viable battery package capable of powering automobiles.
The ad also has Obama saying "no"