Friday, February 17, 2012

Independent Analysis Proves the Effectiveness of Federal Loan Guarantees

Independent Analysis Proves the Effectiveness of Federal Loan Guarantees

Take a deep breath, because what I’m about to tell you may be shocking: Federal loan guarantees for energy projects have been successful, cost-effective investments—contrary to what some conservatives insist is the case. Don’t take my word for it. That’s the message from Herb Allison, former national finance chairman for Sen. John McCain (R-AZ), who led a team of accountants and auditors in conducting an independent analysis of the Department of Energy’s Loan Guarantee Program.

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