Rick Perry mistakenly called Solyndra, the failed California solar-panel maker, a country during a campaign speech in Iowa, according to the Huffington Post.
Perry took direct aim at President Barack Obama’s handling of government spending during a campaign stop in Ames, Iowa this weekend. He – like many other Republicans have in recent months – took a shot at Solyndra’s failure, but he forgot a few important details.
“No greater example of it than this administration sending millions of dollars into the solar industry, and we lost that money,” Perry said. “I want to say it was over $500 million that went to the country Solyndra.”
Solyndra was the first renewable-energy company to receive federal loan guarantees under the 2009 stimulus law. The Obama administration touted the company, which received $535 million from taxpayers, as a model for it clean energy program.
The company filed for bankruptcy in Sept. 6 and laid off more than 1,100 workers.
Since then, the company’s implosion and revelations that the administration hurried a review of the loan in time for the September 2009 groundbreaking has become an embarrassment for Chu and Obama and a rallying cry for GOP critics of the administration’s green energy program.