Obama Responds To Solyndra Attacks: ‘I Will Not Walk Away From The Promise Of Clean Energy’

“Some technologies don’t pan out; some companies fail,” President Obama said in his State of the Union Address, responding to the Koch-fueled criticism of his administration’s investments in dozens of clean-energy companies that have created 60,000 jobs. “But I will not walk away from the promise of clean energy. I will not cede the wind or solar or battery industry to China or Germany because we refuse to make the same commitment here. We have subsidized oil companies for a century. That’s long enough. It’s time to end the taxpayer giveaways to an industry that’s rarely been more profitable, and double-down on a clean energy industry that’s never been more promising. Pass clean energy tax credits and create these jobs.”