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| Jeff Bingaman |
As chairman of the Senate Energy Committee, New Mexico Senator Jeff Bingaman has his legislative hands all over the discredited concept of empowering the federal government to hand pick companies for federal loan guarantees. And it was that policy that led directly to taxpapers loss of more than a half a billion dollars in the Solyndra scandal. The Washington Times has
quoted Bingaman as saying recently that the loan-guarantee program he actively supported, "has not worked as well as we had hoped."
As recently as two months ago, Jeff Bingaman was still forging ahead with the idea that the federal government should help President Obama's Energy Department make "investments." In July Bingaman introduced a bill to create a "clean-energy bank" that would make direct loans or take equity positions in projects of its choosing.
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| Martin Heinrich |
Bingaman's Senate Energy Committee approved the proposal. However, in an era where massive federal budget defiicts are coming under much more scrutiny, Bingaman's latest foray into government banking and investing, the program has not made it to the Senate floor. New Mexico House member from Congressional District I, Martin Heinrich, also an ardent supporter of the federal government funneling taxpayer dollars into solar energy companies of its choosing, has been maintaining silence on the Solyndra scandal. Heinrich is seeking the Senate seat the reitiring Senator Bingaman is leaving next year.
Bingaman on Green Energy Loan Guarantees: "has not worked as well as we had hoped"
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2 comments:
No kidding, Jeff? Neither has your representation for the people of New Mexico. So, will you resign now or must you cling to power and continue to be ridiculed till the bitter end of your last miserable term?
If green energy was as good as these idiots claim, companies would be flocking to the area in order to make money.
If green energy is so great, why does the government need to infuse anything into the area?
Because it's a lie.
Will green energy every get off the starting box? Only when we run out of less expensive alternatives. So buy a gas hog and use up the so-called fossil fuels. It may take forever, since hydrocarbons are quite possibly the result of nuclear reactions deep within the Earth.
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