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FBN’s Peter Barnes on President Obama’s press conference and comments on health-care reform, energy and the drug trade.
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Keystone pipeline and we're gonna bring in Peter Barnes who is -- a White House.
See you I guess verify my -- in an assessment here kind of surprising -- eking out so strongly in favor obviously showing some some support.
About this individual mandate getting upheld by the Supreme Court that no word at all during this entire conference about the Keystone Pipeline.
I didn't get any questions on the keystone vibrant -- bullish about and that's what happens when they limit questions from the news media -- one per media outlet per countries -- just three questions.
And energy not not a big topic in the press conference and -- and Keystone Pipeline.
Not a word about it but the president the very first question out of the gate to him was.
About the Health Care Reform and the arguments at the Supreme Court last week the three days of arguments and which some of these justices raise constitutional.
Questions.
About about the Health Care Reform particularly the end of those individual mandate -- whether it.
Is constitutional so.
He was asked.
-- -- pod -- does he believe.
That the law will be struck down or not here's what he said.
And I'm confident that the Supreme Court.
Will not take -- would be an unprecedented.
Extraordinary.
Step of overturning.
A law that was passed.
-- A strong majority.
A democratically elected congress.
And this is I think what we'd expect the president to say given that his solicitor general argued this strenuously last week.
And those three days a hearing Shibani of that of course the other things that came up.
Worse and trade issues Mexico and Canada.
Looking -- joining this thing called the trans Pacific partnership which is supposed to be.
-- NAFTA -- Pacific rim countries we also heard him talk a lot about the drug trade.
And the gun trade.
Along -- US Mexican border -- Yeah -- Peter and obviously called a -- was pretty pretty heated about that but.
During any -- this press conference and news came -- Peter another solar company just went bankrupt.
After getting a pretty big government long can you tell us a little bit about that.
Yeah this is a content company called solar trust and it is building a big solar route.
Power facility in California filing for bankruptcy today Charles.
And this is another in a series of these companies that have.
-- filed for bankruptcy some of them getting government loan guarantees.
Like Solyndra which got you know over 500 million loan guarantees now according to the Energy Department's solar -- last year got -- 2000000002.
Point one billion dollar.
Loan guarantee -- from the government but these are always conditional.
And according to the news reports here in the filing the company only had a million the ten million in assets so.
And I'm checking on this right now at the Energy Department but it sounds as though solar trust filed for bankruptcy before.
It was able to get the financing in place for this big project out in California so it's unclear if that has actually lost any money for the taxpayers taxpayers.
As soon as we find out we'll get that get that to you.
-- -- looking fortunate Peter Barnes sorting it out translating it all out there is Spanish terrorist friends there is saying let's send Peter Barnes deciphering.
Through it all thanks very much on -- with that.
All right now the stocks -- -- many games on the for.
