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Department Of Energy Official Calls Solyndra Loan Program 'An Enormous Success' July 13, 2012

David Frantz, who has the totally non-bureaucratic title of "Department Of Energy Loan Program Office Acting Executive Director", has gone one the record: That green energy loan program that gave us Solyndra was "an enormous success."

No, really.

Apparently programs that waste over $500 million of American taxpayer dollars during a time of recession are viewed positively by the Obama Administration.

Mr. Frantz made this statement at a Congressional hearing yesterday. Check out the exchange:

"Don't you agree that the loan guarantee program has had a tough record?" Rep. "Cliff" Stearns (R-FL) asked Frantz.

"Ah, quite to the contrary, sir," Frantz responded, "I think it has been an enormous success."

"Okay," Rep. Stearns continued, "we have Solyndra, we have Beacon, the third recipient went bankrupt in 2011. That's true, isn't it?"

"It is."

The full video of the exchange is here:

(The Blaze)



 

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