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I Gerri Willis no more taxpayer green going to do -- green companies.
Sounds too good teacher -- especially since the Energy Department is doled out almost 35 billion dollars in loans loan guarantees and commitments.
But that's what Republican congressman cliff Stearns from Florida is proposing it is no more Solyndra -- Congressman joins me now welcome back to the show itself what do you hope this legislation will do congressman.
Well three things of course you just mentioned we want to make sure there's no more -- by stopping the loan guarantee program.
That the Department of Energy is administering.
The second thing is we like to make sure the department of treasury -- issues to check.
To the Department of Energy for any kind of projects like that.
That there's an analysis done there's an understanding of economic viability before the check is -- In this case a -- was shown two years before.
They went bankrupt that they would not make it so if they departed energy had made this proposal to department up treasury the treasury would not -- -- to check.
And the third thing is and most importantly wanna make sure that taxpayers money are no longer subordinated to outside funds particularly people that are tied to the White House.
Right -- the White House and anybody else for goodness sakes if there's any money due and owing to the American taxpayer should go to -- first -- absolute.
The likelihood of this bill actually passing.
Lot of good ideas come -- -- congress they don't go anywhere when they get of the senate.
Is there any way that you can stop some of this money that may well -- as some companies are already in the pipeline.
I think so you know they have a balanced company that went bankrupt they were supposed to get 400 million dollars Jerry.
Talked about abounds in that the problems they had and I learned department of energy and they did not give them the full 400 million they gave about 65 million.
Before they went bankrupt so is it turns out probably saved 320 million just by being article -- this.
Wells -- always do it but there's also two other companies so low power and thirteen 66 technologies now these are also on the same program.
That's a -- was dead and they are looking to get some of those federal loan guarantee -- are you to stop them to worry they too far along to -- Well I think some all right got a lot of money but -- again.
A voicing concerns a Department of Energy they should not continue to get any more money -- and effect during the appropriations process we can put that language in.
Ari can convert any Democrats to your point -- -- here.
Well we have we've got a few but for the most part as you saw -- -- vote today on obamacare we had five Democrats supported this in the total repeal.
-- -- about when power for a second because there's an important tax credit is about to expire you oppose extending it why.
Well I think tax credits in the me -- some of these Twin Towers is is questionable so I think.
We should look at these -- it's more carefully and be careful just giving out all these tax credits you prefer actually are indeed sponsoring aren't -- direct.
That's director said that that the universities in the research and development is where we should -- -- innovative process and not be.
Having government deciding winners and losers.
Well you know it's interesting because -- a big project.
Called Cape Wind.
Up in the northeast here that has gotten a lot of controversy you oppose it -- some strange bedfellows there the Kennedys have opposed it too.
I how does it happen -- some of the most of the biggest members of the biggest liberal family in the country and you are on the same side here.
We you know the expression not in your backyard I think Senator Kennedy of course is deceased from the beginning of 2001 he was against -- Cape -- This project is is a 130 wind turbines which are almost the same height as a Washington monument.
Just under 500 feet and it covers a 24 square foot mile area.
So this whole thing is -- -- project very costly and it's questionable whether we're gonna save money.
And the bottom line is the FAA thinks there's reasons to stop this project because -- -- the issue security safety issues as well as.
In fact he would impact our radar.
For incoming aircraft.
Well yeah I -- big questions about when because I don't think it's been proven that it that it's really the most efficient way to generate energy out there.
But -- yet what's interesting is this issue even splits Republicans.
A lot of Republicans from states that could actually use a lot of federal money for these wind farms opposed -- you is this anything that that you're gonna come to consensus on any time soon.
I think you -- -- a consensus of 24 square miles of projects include a 130 wind turbines.
You know I think they think this can be economically viable but I think the taxpayers in this state of Massachusetts and Cape Cod and Nantucket I just gonna see there.
Utility bills explode.
Well -- that's always a possibility and it seems like it's happening even though it shouldn't be right now -- thanks for coming on tonight really appreciate your time.
Thank you here are right president of.
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