Obama campaign spokeswoman Lis Smith told the Detroit News this week that Solyndra was a “successful and innovative” company. Yes, Team Obama says the company that went bankrupt and laid off 1,800 workers was “successful.” The company that received over half a billion dollars from taxpayers and will likely never pay us back was “innovative.”
Since taking office, President Obama has delivered neither success nor innovation. Maybe it’s because he doesn’t even know what those words mean.
4. Creating jobs in Finland
Like Solyndra, Fisker Automotive received $500 million in stimulus-backed loans from the Obama administration, promising to create jobs for American workers. Its Delaware plant now sits shuttered. Unlike Solyndra, however, Fisker did not go bankrupt. It’s still making cars—in Finland.
We need jobs in America. Obama’s supporting jobs overseas.
5. Pushing job-killing tax increases
After the latest dismal jobs report, President Obama’s first policy proposal was…higher taxes.
A just-released study from the accounting firm Ernst and Young reports that these tax increases could cost us over 700,000 jobs.
In other words, the monthly jobs report said we desperately need jobs, and Obama decided to destroy 700,000 jobs.
6. “The private sector is doing fine.”
Before “you didn’t build that” came “the private sector is doing fine.” President Obama’s denigration of the private sector and free enterprise is now a chronic condition. Which helps to explain why unemployment has been chronically high—over 8 percent for 41 straight months.
President Obama sees everything backward. Our economy is upside down. Clearly, it’s time for a new direction.