Jim Jordan Continues Charge Against Solyndra, Department Of Energy Loan Program

Rep. Jim Jordan, the Ohio Republican who recently appeared to admit that Republicans' ongoing probes of the Department of Energy's loan program are largely a play to win votes in November, is holding a hearing next week on that very program.

Jordan's subcommittee on the House Committee on Oversight and Government Reform on Wednesday will hold a hearing entitled, "The Obama Administration's Green Energy Gamble: What Have All the Taxpayer Subsidies Achieved?"

In March, following yet another hearing in which U.S. Energy Secretary Steven Chu testified about the department's loan guarantee program, Jordan appeared to signal that Republican's ongoing censure of the program -- from which the bankrupt California-based solar company Solyndra and others benefited -- was politically motivated.

"Our staff will continue to dig into it and see," Jordan told Environment & Energy Daily at the time. "But what I hope happens is we stop doing these kind of things ... this whole cronyism approach to the marketplace.

"Ultimately, we'll stop it on Election Day, hopefully. And bringing attention to these things helps the voters and citizens of the country make the kind of decision that I hope helps them as they evaluate who they are going to vote for in November."

Jordan's press secretary, Meghan Snyder, has argued the quote was misinterpreted. "To say that elections drive the Oversight Committee, we believe is incorrect," she told The Huffington Post at the time.

The the Subcommittee on Regulatory Affairs, Stimulus Oversight, and Government Spending, chaired by Jordan, will hold its hearing on Wednesday morning in the Rayburn House Office Building.

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Comments

[Mister Wu]

03:33 PM on 05/31/2012

America loses manufacturing jobs to China due to subsidies and the republicans cheer? What is wrong with them!

[Genders]

11:17 PM on 05/13/2012

Solyandra installed over 100MW worth over 500M$ in electricity. some debacle.,

Meanwhile 50% of nukes default.

[MaxHeadroom]

09:04 AM on 05/11/2012

Instead of going after the administration about trying to start an energy policy and development and manufacturing of that technology field, the Tea bag/Republicans should have focused their attention as to why the Chinese destroyed alternative energy production and products in his country like they did to the steel industry by their dumping of cheap PV panels on the world market. They should have supported this new and young technical and economic field as it would have put America on the forefront of alternative energy production and manufacturing of like products.

But no, that would have been patriotic and for the benefit of all in this country. Party before people is the Tea Bag/Republican way! And ignorance on the part of the Americans electorate about these matters is a given.

[Genders]

11:18 PM on 05/13/2012

The USA exports more panels than import from China. really.

[Jmaximus Spartacus]

02:21 AM on 05/16/2012

Where did you hear that from, source?

[Arcelio Martinez]

11:50 PM on 05/10/2012

Issa you are the most corrupt congressman ever YOU DO NOT HAVE A MANDATE you are sick

[efell]

11:34 PM on 05/11/2012

Just caught your post. Bang on A M. The guy is a criminal, and not in the figurative sense for all you GOPers out there.
Best of luck going forward

[lagunasuz]

10:32 PM on 05/10/2012

Please add the Fisker Car to the list, that is another $500 million.

[Jmaximus Spartacus]

02:23 AM on 05/16/2012

Why don't you add the 1 Trillion dollar F-22 program. Pilots on 60 minutes say the plane is terrible, and cheap drones will easily beat it in a war.

[lagunasuz]

02:58 AM on 05/16/2012

I did not realize the F-22 program was part of the Administration's Green Energy push. Maybe the Drones needs old fashioned gas to run them!

[mistergg69]

10:04 PM on 05/10/2012

How about an investigation into the Iraq Invasion that cost $3 trillion???

[banana republican]

07:04 PM on 05/13/2012

If you break down that 3 trillion and determine how much of it actually 'stimulated' our own economy, couldn't you call most of it a 'stimulus project?" Liberals LIKE stimulus projects and would probably be thanking Bush profusely.

[Jmaximus Spartacus]

02:24 AM on 05/16/2012

Nope, because unlike WW2, most of the money was spent elsewhere.

[Smeagel4T]

06:43 PM on 05/10/2012

Perhaps the Senate needs to start investigating the $110 BILLION dollars in Big Oil and Big Coal corporate welfare. But then again, it's primarily the fiscally irresponsible GOP that loves to waste $110 BILLION on corporate welfare while burning more taxpayer money investigating why the DOE has a 98%+ investment success rate.

[simpleperson]

01:38 PM on 05/11/2012

The reason the DOE has a 98% success rate is because they invest in coal and oil.

[Smeagel4T]

06:40 PM on 05/10/2012

The GOP is wasting tax payer money investigating why the DOE has a 98%+ success rate with its investments. I thought these GOP drones knew something about business. I know a bunch of private investors would love to have the DOE's success rate with investments. All this while the GOP continues their FISCALLY IRRESPONSIBLE wasting of $110 BILLION dollars on Big Oil and Big Coal corporate welfare programs. Sheesh. We need to get rid of these fiscally irresponsible GOP drones before they do any more damage to our country.

[indietom]

06:25 PM on 05/10/2012

"Rep. Jim Jordan, the Ohio Republican who recently appeared to admit that Republicans' ongoing probes of the Department of Energy's loan program are largely a play to win votes in November..."
-------------------
GOP continues to find new ways to waste taxpayer money and time and apparently don't care.

[annyp]

04:58 PM on 05/10/2012

This loan was started under the Bush administration and Bush was trying to get it signed before he left. So President Obama signed it instead a month or so after taking office. Should be interesting to see what they say about the former President on this one.

[Maui Gal]

04:23 PM on 05/11/2012

You are Wrong!
The loan was started under Bush's watch, but it was going to get turned down, until the Obama watch took over.
You should know George Kaiser is good buddy and MAJOR fund raiser for Barack, and how is it that the loan got approved and the tax payers stood behind Kaiser on that loan??
Obama signed it, quit passing the buck like he always does!

[Gidster]

04:36 PM on 05/10/2012

Yet not a word on the 13 other loan recipients that are achieving varying levels of success....I wonder why?

[Dick Fancy]

04:29 PM on 05/10/2012

How about a hearing to find out all this achieved:

The Bush Administration and the Non-Existent WMDs Leading to the Great Desert Gamble: What Has the Trillions of Dollars Spent and Hundreds of Thousands of Lives Lost Achieved?

[bannorhill]

10:18 PM on 05/12/2012

But Democrats told us:

"Saddam Hussein has spent the better part of this decade, and much of his nation's wealth, not on providing for the Iraqi people, but on developing nuclear, chemical and biological weapons and the missiles to deliver them."

Good old Democrat lies.

[Dick Fancy]

11:36 PM on 05/15/2012

Democrats told us this? man oh man you gotta get out of the bubble sometime. Last I heard it was BushCheney+Crüe pushing that pile of crap.

[Malcontent21]

03:39 PM on 05/10/2012

I wonder if these republicans know that Romney did the exact same thing in Massachusetts, he also provided state loan subsidies to green energy companies selectively and they've all either gone bankrupt or are struggling.

[Gidster]

04:37 PM on 05/10/2012

Struggling because the oil/coal lobby spends a ton of cash to stifle innovation!

[Malcontent21]

04:56 PM on 05/10/2012

well yeah that's one of the main reasons.

[dadw5boys]

03:29 PM on 05/10/2012

What will never be mentioned it the State and Local Government pushing for the loan for Solyndra and gave the engery department the feeling that everyone was behind the company working for it to be successful. It was a gamble better than gambleing on a Bank.
Just like few people ever mention that the Cities were begging for help when the Middle Class moved to the Burbs to aviod high taxes in the 60's and 70's.
So they knock the Community Redovelpment Act which worked great for over 30 years fiancing homes under $50,000. It was never intended to fiance homes in gated communities.
But the Cities were never told to lower their taxes and people would move back either !!!!

[Gebby]

02:52 PM on 05/10/2012

An investigation took place. No wrong doing was found. These politicians are hurting the world by slowing down the advancement to a clean energy future.

[posie Di Sesa]

03:22 PM on 05/10/2012

i saw a comment here on another topic where the writer complained, because s/he was trying to blame president obama, about the city of l.a. buying new green energy buses from china and not buying buses made in america. i told her that china is way ahead of the u.s. on producing green products and all attempts for us to develop them are blocked by conservatives.

[tin soldier]

04:15 PM on 05/10/2012

No one is against green energy, no one -- but whats the point of throwing away billions in green energy companies that go bankrupt, if a green energy company was produing cost effective and reliable green energy no one would try a stop it but they're not ,they're just taking taxpayer money ,going bankrupt and are now being investigated to find out how much of the taxpayer loan is being funnelled back to Obama

[Dick Fancy]

04:30 PM on 05/10/2012

that's the sad and honest truth. until the conservatives allow us to produce green alternatives, we will watch the world pass us by.