The imperial presidency must end. The imperial presidency must end, and it will not end until my colleagues on the other side of the aisle recognize that it is not acceptable under this President.

I just request from Mr. Silver if you are the smartest, most qualified guy, as Mr. Kucinich alleges, then why did you approve the loan guarantee?

But you guys said, oh, it's all right, we are using taxpayer money, we can do that.

If this was so good, Mr. Kats, why do you need the taxpayer dollars? You talk about a 96 percent success rate. Why do you need taxpayer money put at risk?

Taxpayers only lost hundreds of millions, they didn't lose billions, so that is a successful program.

How much of that 96 percent--I think it is actually less than that. Out of 26 companies, three of them went bankrupt.

But the question always remains, as Dr. de Rugy pointed out, would it have happened anyway?

I think this is fairly irresponsible.

There is the potential for political influence, cronyism, whatever term you want to use.

if the American taxpayers can just see what is going on in this program, and I believe it was your third point, Doctor, in your testimony you talked about this is what happens when cronyism gets to this level and this much money is at…

It is not common sense to the average guy who goes out there and average girl that goes out there every day that has to pay their own bills out of their own pocket.