thanks for watching us tonight. the road to hell paved with good intentions. that s the subject of this evening s talking points memo. america would be a stronger country if we had green energy. if we could get away from the fossil fuel, the air would be cleaner and we d be lest reliant on opec and a brand new industry would create millions of green jobs. even folks in the oil business would want it, as they say in texas. problem is it doesn t exist on a mass level and the obama administration has wasted biions of dollars of trying to create green jobs. we ve reporting on this solyndra scandal whereby a solar company in california received $527 million in federal loans and now has gone bankrupt. but here s something even worse, the department of energy reporting that nearly $20 billion in loan guarantees have been extended to a variety of green companies. total permanent job creation wait for it. 3,545. that averages out to more than
know, developing american jobs to the obama administration. it seems to me that in their quest and haste and enthusiasm to develop alternative energy, ie solar, that they took a big risk with $527 million, half a billion dollars of taxpayer money and they said, you know, we are going to take the risk because we really want this political payoff. is that what it is? i think that s true. i think they believed in it in a way and this was going to be the model. this was the future as the president described it. bill: how you can believe in it if your own guys are telling you the company is going down? it looks to me like they don t care. they didn t want to hear that the loan was put on hold by the bush administration on january 9th of 2009. and then six days after the new administration took office, it was back on a fast track and was approved very quickly. now, the questions today were not answered very well by the people from the administration. how did that happen? no one seemed
know, developing american jobs to the obama administration. it seems to me that in their quest and haste and enthusiasm to develop alternative energy, ie solar, that they took a big risk with $527 million, half a billion dollars of taxpayer money and they said, you know, we are going to take the risk because we really want this political payoff. is that what it is? i think that s true. i think they believed in it in a way and this was going to be the model. this was the future as the president described it. bill: how you can believe in it if your own guys are telling you the company is going down? it looks to me like they don t care. they didn t want to hear that the loan was put on hold by the bush administration on january 9th of 2009. and then six days after the new administration took office, it was back on a fast track and was approved very quickly. now, the questions today were not answered very well by the people from the administration. how did that happen? no one seemed
company was about to go bankrupt the whows told us and the company told people in congress, everything was great, rose projections at a time they knew they were running out of cash. they restructured the loan. and, in doing so, they put the taxpayers behind private investors when any money might be recovered from the bankrupt. bill: they not only got 527 million from the taxpayers, they also raised billions of private money. the guy behind, this frazier, is that his name. george kaiser. a billionaire and a big fundraiser for president obama. bill: this guy kaiser, big obama guy bundled money for his campaign in 2008. continues to be a big donor. he was a private investigator. now he is the head of the line in case there is any money left over from the bankruptcy which you assume there would be and then the taxpayers are going to get hosed. but, where does the buck stop? the energy department lent them the money. now, i assume president obama is going to say, look, i don t deal wi
know, developing american jobs to the obama administration. it seems to me that in their quest and haste and enthusiasm to develop alternative energy, ie solar, that they took a big risk with $527 million, half a billion dollars of taxpayer money and they said, you know, we are going to take the risk because we really want this political payoff. is that what it is? i think that s true. i think they believed in it in a way and this was going to be the model. this was the future as the president described it. bill: how you can believe in it if your own guys are telling you the company is going down? it looks to me like they don t care. they didn t want to hear that the loan was put on hold by the bush administration on january 9th of 2009. and then six days after the new administration took office, it was back on a fast track and was approved very quickly. now, the questions today were not answered very well by the people from the administration. how did that happen? no one seemed