As I expected the “No More Solyndras Act” was just passed in the House:
Republicans on Friday pushed a bill through the House shining a campaign-season light on the most conspicuous failure of President Barack Obama’s economic stimulus package. The bill would phase out federal loan guarantees like those that went to the now-bankrupt solar power company Solyndra LLC and left taxpayers on the hook for more than $500 million.
However, what I didn’t expect was that one of the sponsors of the bill, Rep. Fred Upton, who in addition to having a really hot niece, also has a pretty funny sense of humor with his burning money quip:
“I’m stunned by the cavalier manner in which the administration squandered all of these tax dollars yet says it has no regrets, no apologies, about its handling of the program,” said Rep. Fred Upton, R-Mich., chairman of the House Energy and Commerce Committee. “Burning money is one source of energy that the country doesn’t need.”
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