Speaker Boehner: Taxpayers Deserve Answers About Obama Administration’s Failed Energy ‘Stimulus’ Loans

At his weekly press briefing today, House Speaker John Boehner (R-OH) called on the Obama administration to provide information the House Energy & Commerce Committee has requested pertaining to the $10 billion taxpayer dollars that have been spent on the Energy Department’s failed Solyndra-style Section 1603 ‘stimulus’ loan program.  The Speaker has vowed that oversight of the administration’s policies and their impact on job creation will be a major focus for the House this year.  Speaker Boehner also highlighted House Republicans’ continuing focus on addressing rising gas prices and creating a better environment for private-sector job creation with the American Energy Initiative.  Following are video and excerpts of Speaker Boehner’s remarks:


ON REPUBLICANS’ EFFORT TO HOLD THE ADMINISTRATION ACCOUNTABLE FOR ITS FAILED DEPARTMENT OF ENERGY ‘STIMULUS’ LOAN PROGRAM: 

“You know, I made clear earlier this year that oversight of the Obama administration’s policies on jobs, on the economy, and its spending taxpayer dollars was going to be a priority.  Two weeks ago, Chairman Upton at the Energy & Commerce Committee began looking into the Department of Energy’s Section 1603 grant program, a Solyndra-style ‘stimulus’ program that offers cash payments to renewable energy companies.  More than $10 billion – that’s with a ‘b’ - $10 billion has been spent on this, and Secretary Chu said it created ‘tens of thousands of jobs,’ except there’s no evidence to support that. 

“The Energy & Commerce Committee set a deadline for today for the Energy Department & Treasury Department to produce documents or information about what taxpayers got for their $10 billion.  The administration thus far has failed to provide the committee with any information to justify this claim.  

“Listen, the American people continue to ask the question ‘Where are the jobs?’  They deserve answers and they deserve the truth.” 

ON THE NEED FOR BIPARTISAN, COMMON-SENSE SOLUTIONS TO EXPAND AMERICAN ENERGY & ADDRESS SOARING GAS PRICES:

“Instead of wasting taxpayer dollars on failed ‘stimulus’ programs, we should be working together on common-sense solutions to expand American energy production and address rising gas prices.  With or without the Democrats’ cooperation, Republicans here on Capitol will continue to work toward this objective.”

ON HOUSE REPUBLICANS TAKING ACTION TO ADDRESS SOARING GAS PRICES WITH THE AMERICA ENERGY INITIATIVE:

“One month ago today, during a conversation at the White House, I was encouraged by the president’s willingness to discuss the possibility of working together on some of the bipartisan, House-passed energy bills.  Many of these bipartisan proposals have received support from the president’s own jobs council.  But gas prices have gotten worse, and the administration has taken absolutely no action.  Republicans aren’t going to wait for the Obama administration to act on behalf of families and small businesses.

“Yesterday, the HEAT team launched the next phase of the American Energy Initiative focusing on rising gas prices.  This phase include bills – for example – to responsibly increase energy production on federal lands and freeze new regulations on refineries that will have a harmful impact on our economy.  Our committee chairmen are hard at work on both additional legislation to address this issue.”