President Barack Obama told a Cincinnati audience on Monday that he does not make the same mistake more than once. Minutes later, he told the same crowd he would continue spending federal dollars on green energy.
The Obama administration has spent billions of taxpayer dollars on green energy companies, many of which either declared bankruptcy or created most of their jobs outside the United States. The most notable among these was Solyndra, which got a $535 million Energy Department loan in 2009, but declared Chapter 11 bankruptcy in 2011 shortly before being raided by the FBI.
Speaking in the critical swing state of Ohio on Monday, Obama blamed tax cuts and other policies of the Bush administration for the country’s economic problems.