(CNSNews.com) - President Barack Obama said in his second inaugural address on Monday that America will preserve the planet--"commanded to our care by God"--by developing "sustainable energy" technology.
"The path towards sustainable energy sources will be long and sometimes difficult," said Obama."But America cannot resist this transition, we must lead it. We cannot cede to other nations the technology that will power new jobs and new industries, we must claim its promise. That’s how we will maintain our economic vitality and our national treasure--our forests and waterways, our crop lands and snow-capped peaks. That is how we will preserve our planet, commanded to our care by God. That’s what will lend meaning to the creed our fathers once declared."
The creed Obama referred to here is the preamble to the Declaration of Indepedence, which he cited at the beginning of his speech, and which says that all men "are endowed by their Creator with certain unalienable rights."
In Obama's first term, his adminisration loaned $528 million to Solyndra, a solar panel manufacturer, which then went bankrupt.
"The true engine of economic growth will always be companies like Solyndra, will always be America's businesses," said Obama in 2010. "But that doesn't mean that government can just sit on the sidelines. Government still has the responsibility to help create the conditions in which students can gain an education so they can work at Solyndra and entrepreneurs can get financing so they can start a company, and new industries can take hold."
"So that's why we've placed a big emphasis on clean energy. It's the right thing to do for our environment. It's the right thing to do for our nationals security. But it's also the right thing to do for our economy," said Obama.
"And we can see the positive impacts right here at Solyndra," he said. "Less than a year ago, we were standing on what was an empty lot. But through the recovery act, this company received a loan to expand its operations. This new factory is the result of those loans. Since the project broke ground last fall, more than 3,000 construction workers have been employed building this plant."
"When it's completed in a few months, Solyndra expects to hire a thousand workers to manufacture solar panels and sell them across America and around the world," said Obama. "Here at this site, Solyndra expects to make enough solar panels each year to generate 500 megawatts of electricity."
"The future is here," said Obama.
In October 2012, a Delaware judge approved Solyndra's bankruptcy plan and the Associated Press reported at the time that "the Department of Energy stands to recover little if any of a $528 million loan to Solyndra from the Obama administration."