"over $500 million that went to the country Solynda." (CNN)

Discussion in 'Politics' started by Drew Wilson, Dec 12, 2011.

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  1. Drew Wilson

    Drew Wilson AKA IceCube Staff Member Moderator Contributor

    Although Perry is clearly making a big finish in the first caucus state a key part of his campaign strategy, he chose not to pander to the local crowd.

    "I'm for pulling all of those tax credits, or subsidies or however you refer to them out of the energy industry," Perry said. "Whether it's ethanol, whether it's oil and gas or what have you, the market will decide where to go. I am not worried in the least that Iowa farmers [will suffer], if we'll get the EPA and regulations out of their business."

    But his attempt to turn this tough talk into an attack on the current administration came with a few of the verbal misstatements that have plagued other public appearances by Perry. While criticizing President Barack Obama for picking winners and losers in the energy industry, he bungled the name of the most famous energy company to go under despite government assistance.

    "No greater example of it than this administration sending millions of dollars into the solar industry, and we lost that money," Perry began. "I want to say it was over $500 million that went to the country Solynda."

    Solyndra, a company which manufactured high-tech solar energy panels, went bankrupt this year after receiving $535 million in federal loan guarantees.

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