Political Quotes

“Well, my response, Mr. Chairman, is, first of all, there is nothing vague about the billions and billions of dollars that have already been wasted through corporate welfare, giving loans that are guaranteed by the Federal Government, loans to companies such as Solyndra and a whole list of others that now have failed and taken the taxpayer money with them. Now, with regard to the gentlewoman's claim that programs and projects already in progress would be stopped, well, that is absolute nonsense because those deals have been signed. That money has already been committed. What we are talking about is stopping any new projects. Again, I would emphasize here that, if these projects made sense--whether it is renewable or nonrenewable, whether it is carbon-based or noncarbon- based, there is plenty of capital out there to lend. There are a lot of people who want to make money on energy. There are a lot of people who have made money on energy. The reason why there isn't a private market out there primarily is because the government has displaced that private market; and number two, in many cases, when the question is asked--in fact, the President of the United States--why is the government lending this money? His answer was: well, because you can't get it from the private market and private investors. Why? Because it is a dumb idea. They will never get their money back.…”