[Congressional Record Volume 158, Number 93 (Tuesday, June 19, 2012)]
[House]
[Page H3744]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]




            SUBSIDIZING ENERGY COMPANIES IS A FAILED POLICY

  (Mr. POE of Texas asked and was given permission to address the House 
for 1 minute and to revise and extend his remarks.)
  Mr. POE of Texas. Madam Speaker, each year, Americans write a check 
to Uncle Sam in hopes that their money is going to the right places. 
Unfortunately, the Federal Government has lost credibility as the 
steward of taxpayer money.
  In the past 3 years, millions of taxpayer dollars have been 
squandered in risky ``clean and green'' energy projects, and many of 
those companies have failed. And the beneficiaries of these shady 
ventures just happen to be the President's men. Enter Solyndra. Half a 
billion tax dollars subsidized a company that was doomed to fail. 
Eighteen hundred people lost their jobs, and Americans will never see 
the refund on their money. But the cronyism continues. Last week, the 
Department of Energy awarded $2 million to Solar Mosaic. The 
President's former green jobs czar, Van Jones, is an adviser to that 
company. Imagine that.
  It's time to quit gambling taxpayer money on risky projects for all 
the President's men.
  And that's just the way it is.

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