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Republicans hit Obama on green energy subsidies

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  • Description

    Lawmakers question CEOs of companies

  • Duration 1:57
  • Date

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-- Obama has argued green energy can fuel our cars run our factories and create millions of jobs in the process.

A goal -- lawmaker declared a failure.

Three years into this gamble -- available evidence demonstrates these efforts have wasted vast sums of taxpayer money.

And -- failed to achieve the stated goals.

Democrats however defended the taxpayer subsidies as necessary to keep from losing ground to other countries if we fail to support.

These emerging renewable energy technologies are contrary will fall behind countries.

Like Germany and China.

The CEO of a company they got no loans or subsidies said his company did just fine without them.

Have however one important thing and that is that is economics not government policies that drive behavior one Republican -- another CEO who heads the company First Solar because he and members of his boards sold 700000.

Shares of stock in three days.

After getting taxpayer subsidies.

Now you're voting with your feet.

You didn't have got a book about the situation I can get out of this thumb watching this thing -- when -- souls I have so much confidence in that company to -- cash out.

Republican -- -- and other suggested loan guarantees were tainted with political favoritism.

As they pointed to emails to administration officials urging quick approval of loans.

One from CEO John -- a bright -- to a top advisor in the Energy Department or DO we.

Said the head of one utility quote talk directly to Obama about the programs challenges and the bad situation it -- cement.

DOE's credibility is then it says which one Republican saw as Evers he used political influence to get loan guarantees is this is casual.

Hey we talked to -- Obama.

This this this sounds like.

This was pretty common.

What lawmakers that he didn't blame sales for seeking a loan guarantees the key question he -- is whether the government spent taxpayer money wisely.

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