Today, Congressman Marlin Stutzman (IN-03) voted to protect taxpayers from paying millions of dollars for Solyndra-like failures by phasing out the Department of Energy's flawed loan guarantee program.
"Solyndra showed exactly what happens when Washington decides to take care of the well-connected instead of the taxpayer," said Stutzman. "Despite warnings, the Obama administration pushed a $535 million loan guarantee to its favorite pet project. Taxpayer money was squandered when Solyndra went bankrupt. Today, we took responsible steps to ensure that this doesn't happen again. When Washington picks winners, taxpayers lose. This country needs a true all-of-the-above energy plan, one that includes domestic coal, oil, gas, and renewable sources. Climbing energy prices are putting pressure on Hoosier families and businesses. They deserve solutions, not crony-capitalism's gambles."