Jim Jordan

The average American family has seen a $300 per year increase in their utility bill since this President took office, and that is a direct impact of his crippling coal policies.

The President told us what his policies toward coal and coal-fired power generation would do when he infamously said that if a company wants to build a coal-fired power plant, they can, but it will bankrupt them.

And if that is not a sad indictment on the greatest Country in the world that we are making it that difficult for entrepreneurs to start a business and create jobs and help their community and help our Country, I don't know what is.

The never-ending cascade of EPA regulations that drive up the cost of energy, eliminating their competitive advantage over foreign manufacturers.

If you knew back then all the hoops and the hassles and the hurdles and obstacles and baloney that government was going to make you deal with, would you in fact have been that entrepreneur, taken the risk, started your business, taken out…

It is not the Federal Government that creates jobs. Rather, it is the small business entrepreneur who is responsible for over 50 percent of job creation in this great Country.

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

I think this is fairly irresponsible.

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

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

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

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?

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

Did you give the loan guarantee because political connections persuaded you to do it, or did you give it based on the merit?

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?

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.

If we direct our attention to attacking each other and wipe out opportunities for American businesses to be able to grow in this sector, China then seizes the market.

We have shown them time and time again we will risk their money any time we have a chance.

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.

My point is it at least raises some concern...we see why the projects got approved.

This is not the way the system is supposed to work.

26 companies got taxpayer money, were in this loan guarantee; 22 of them had credit ratings of BB minus, junk status.

You think this is, in your words just a little bit ago, you think this is customary and the way it is supposed to work?

This is not the way it is supposed to work. I mean, it is just so frustrating to look at this.

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…