In response to:

DoE Officials Calls Loan Program That Produced Solyndra an “Enormous Success”

Jon.nine Wrote: Jul 14, 2012 2:39 AM
Well, there is the fraudulent testimony by the Energy secretary when he testified that the scientific panel created to study the safety of continued drilling in the gulf called for a complete shutdown, which was a complete lie. Then of course there is the pay out by the AG department well into the 10's of millions (if memory serves) to "farmers" that never farmed, if they even got near a farm for that matter. Quadruple, at least, the number of black American farmers deserving compensation. That's two off the top of my head, but wait, there was blatant flouting of bankruptcy law in the Chrysler and GM bail outs, and lets not forget the refusal to notify Congress by writ of the War Powers act concerning Lybia, and well, I'm out of room.

Some bureaucrats never learn. David G. Frantz, the Acting Executive Director of the Department of Energy Loan Program, recently called the guaranteed loan program responsible for the Solydra fiasco an “enormous success” during a House Energy and Commerce subcommittee hearing on Thursday. During the hearing, Congressman Cliff Stearns asked David Frantz, “Don’t you agree that the Loan Guarantee Program has had a rough record?” Frantz quickly responded, “Quite to the contrary, sir, I think it’s been an enormous success.” Mr. Frantz’s answer prompted a press release from the Committee that reads in part: