President Obama told a campaign rally that “some of the businesses we encourage will fail” while talking about his plans for increased green energy subsidies in a possible second term.

“Today there are thousands of workers building long-lasting batteries and wind turbines and solar panels all across the country, jobs that weren’t there four years ago,” Obama said, touting his administration’s efforts to subsidize the green energy industry.

Obama then admitted that not everything the government will “bet on” will be successful, admitting that in fact some of the businesses he plans to give taxpayer funds will be sure to fail.

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