Political Quotes

“First, I want to thank the chairman of the full committee and the chairman of the Oversight Committee, Mr. Stearns, for the great effort they did over the last year-and-a-half of bringing the facts of these loan programs to the Congress and to the American people. I'm also personally glad that we have the opportunity to talk about this issue today because transparency is vitally important, I believe, for the American people. This legislation applies to two loan guarantee programs at the Department of Energy, section 1703 loans and section 1705 loans. The 1703 program was adopted in 2005. Most of us in here voted for it. President Bush was in the White House at that time, but no loan guarantees were issued under President Bush under that program. The second program was 1705, which was part of President Obama's stimulus package. Now, I believe that the President made a mistake, and maybe it was deliberate, maybe it wasn't, but I don't think that he ever had a sound policy to help stimulate the economy in America. I believe that his stimulus program, particularly this loan guarantee program, he was using that as an opportunity to push an agenda to move America into green energy before America was able to go to green energy. And he loaned $538 million to Solyndra, a company of which Mr. George Kaiser, one of the President's major political donors, was a part owner. That company went bankrupt.…”