On the recordSeptember 13, 2012
I think it's very obvious that what Republicans are trying to do is to keep American jobs. We're trying to utilize the free enterprise system, the natural resources that we have in America--clean natural gas, the abundance of other power that we have, including coal, including nuclear--opportunities to keep America strong and keep jobs here, and that's why we're really opposed to the loan guarantees and the things which might take on additional debt and risk by the government. But, more importantly, if it can't be funded within the free enterprise system, then it can't stand on its own. Mr. Speaker, at this time I'd like to yield 1 minute to the gentleman from California (Mr. McClintock), one of my colleagues. Mr. McCLINTOCK. I thank the gentleman for yielding. Mr. Speaker, this bill ends the title XVII loan guarantees that produced Solyndra and so many other alternate energy scams that cost Americans hundreds of millions of dollars while the politically connected perpetrators of these scams walked away wealthy men and women. But this measure does still put taxpayers on the hook to loan out billions of dollars more to at least 50 additional shady, alternate energy schemes that had been submitted under the same title prior to January 1. So there will be more Solyndras under this bill. I'd offered an amendment to pull the plug on the applications, but I was told, Don't bother; the Rules Committee won't allow the amendment to be brought to the floor.…
Source
govinfo.gov




