TODAY, CONGRESS QUESTIONED ENERGY DEPARTMENT ABOUT PROBLEMS WITH LOAN PROGRAMS THAT LEAVE TAXPAYERS ON THE HOOK FOR OBAMA’S GREEN ENERGY FAILURES
DOE Official Doesn’t Know How Much Was Loaned And Or How Much Taxpayers Will Get Back From Solyndra. Department of Energy admits that even though taxpayers put the most money on the line, they won’t be the first to get paid back by Solyndra.
DOE Official: Loan Program Wasn’t About Job Creation. Department of Energy: “By definition, they are not a multiplier for job creation.”
Democrat Rep. Henry Waxman Claims He’s “Sorry” About Solyndra. Democrat Rep. Henry Waxman (D-CA) doesn’t seem to be very sincere in his apology about taxpayers losing over $500 million on Solyndra.
Democrat Congresswoman: None Of Us Like The Idea Of Taxpayer Position Being Second on Solyndra. Democrat Rep. Diana DeGette: “None of us likes the idea of the taxpayer position being second to be honest because in a situation like the Solyndra situation where the company goes bankrupt, then the private lenders have a superior position to the taxpayers, and we don’t like that.”
DOE Says They Need To Be Able To Subordinate Taxpayers On Loans Like Solyndra. Department of Energy official insists that taxpayers should be subordinated on loans like Solyndra.
DOE Official Thinks Loan Program That Gave Us Solyndra Is “Enormous Success.” Department of Energy official says the loan program that gave us Solyndra is an “enormous success.”