We were just at the beginnings of a recovery [in 2010]. And the, you know, whoever is president at that point is gonna get hit and his party's gonna get hit. That then means that suddenly you've got a redistricting in which a lot of state legislatures are now Republican. They draw lines that give a huge structural advantage in subsequent elections.
And we can see the positive impacts right here at Solyndra. 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.
It's my job as President and Congress’s job to maker sure that there’s some rules of the road that people are going to abide by and that we’ve got transparency and accountability that this stuff is being posted and one of the things that we are going to do is put together an independent board on the recovery package…
I think what is true is that there's been an underlying division in the United States. Some of it has to do with the fact that economic growth and recovery tends to be stronger in the cities and in urban areas. In some rural areas, particularly those that were reliant on manufacturing, there has been weaker growth, stagnation, people feeling as if their children won't do as well as they will.
We've incentivized people in the past to maybe turn their vehicles over, you know sooner rather than later. And in the United States with the squeeze on discretionary income and credit that even as the economy comes back there's probably more of a chance than not that it'll be a slower recovery on auto sales.
In the '70s, everybody thought drugs were just good times. People didn't really know about drug addiction, or that such a thing existed. When I grew up in the '70s I thought you had to take drugs. It was almost like I didn't think you had a choice.
The Recovery Act, which helped saved the economy and prevented us going into the Great Depression, was the largest investment in green technology, the largest investment in education. We rebuilt roads and bridges.