Political Quotes

“House Republicans have repeatedly claimed that this bill will terminate the Loan Guarantee Program. No more Solyndras, no more loan guarantees, but that's not true. Let's be clear. This bill does not terminate the Loan Guarantee Program. It doesn't phase it out, it doesn't end it, it doesn't sunset it, it leaves it in place. It allows the Department of Energy to use its existing authority to issue $34 billion in new loan guarantees. DOE could issue those loans tomorrow, they can do it next year, they can do it 20 years from now. This bill creates no end date for this program. After lambasting this Bush-era program for more than a year, House Republicans are leaving it in place to issue tens of billions of dollars more in loan guarantees, and that's a fact. Here's what the Republican bill actually does. It arbitrarily picks winners and losers by prohibiting DOE from considering any application for a loan guarantee submitted after December 31, 2011. When you say those are the only guarantees that can be considered, it creates winners, and anything else is a loser, because it can't even be considered. There are 50 projects that are eligible for loan guarantees. Everyone else, no matter how groundbreaking or promising the technology, loses. Under the Republican bill, we're still going to have a loan guarantee program issuing tens of billions of dollars of guarantees. The only question is whether the latest technologies can be considered.…”