When You Have to Say "Per Se," It Means You're Lying
And this guy is supposed to be a smooth talker?
President Obama, once again proving the adage that when the entire media establishment agrees on something, they're always always wrong, tries to weasel-word his way around a Solyndra conversation. From ABC.com:
The solar energy start-up Solyndra, which had been the poster child of Obama’s initiative, went bankrupt in 2011, putting 1,000 employees out of work. It had received more than $500 million in federal loan guarantees through a Recovery Act program. The loan process is now the subject of a congressional investigation.
“Obviously, we wish Solyndra hadn’t gone bankrupt,” Obama said. “But understand: This was not our program per se.”
Nice. That "per se" makes it all so convincing.
This is not our exploding national debt per se. This is not our failed administration per se.
And then he goes on to prove another adage: when the tiny, silly minds in the establishment media agree that someone is "smart," they are almost always, well, not so much. Here, for instance, is our "smart" president making zero sense:
“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 start-ups, 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,” he said.
That's exactly wrong. The riskiest time to invest in anything -- Facebook, solar panels, the kids' lemonade stand -- is when it's a startup. Every day that an enterprise is open for business, the risk to the investor decreases. Which is why venture financing is so risky -- and so rewarding. And why a going concern that can't raise funds to take its business "to scale" in the private sector is a lousy, stupid -- and in the case of Solyndra, probably shady -- investment.
I wish our smart, articulate president wasn't so clueless and meretricious.