$200 million green-tech subsidy results in -100 jobs
Regrets. What happens when job-stimulus funds get spent on a company that reduces its workforce? It looks like Barack Obama and Energy Secretary Stephen Chu made another “bad bet” in 2009, sinking...
View ArticleObamateurism of the Day
Attention deficit disorder? I know that Eleanor Clift included this anecdote in her Newsweek article as a slam at Energy Secretary Stephen Chu, but as I wrote yesterday, it says a lot more about...
View ArticleChu takes responsibility for Solyndra — but not blame
“The best interests of the taxpayer in mind”? One of the key roles of any Cabinet Secretary is that of a firewall for the President — a person to take the blame when things go wrong. As the Solyndra...
View ArticleWaPo gives Chu 3 Pinocchios for his testimony
Only three? Energy Secretary Stephen Chu testified before Congress yesterday on the $535 million debacle of the Solyndra collapse, and needless to say, didn’t impress too many people. He took...
View ArticleChu to Congress: We’re not interested in lowering gas prices
Dems to White House: Get interested in it. Hey, at least Energy Secretary Stephen Chu gave an honest answer. When asked by Rep. Alan Nunnelee whether the Obama administration wants to work to get gas...
View ArticleChu: I give myself an A-minus on managing taxpayer investments
Grade inflation. Consider this your spit-take moment of the day. After overruling Department of Energy auditors and losing $535 million on Solyndra, as well as a number of other green-tech flops,...
View ArticleE-mails show Chu, DoE staffers claiming “total victory” over WH skeptics of...
Smoking gun, or just a banana peel? Last night, the Washington Post published an exclusive on the Congressional probe into Solyndra and other failed subsidy efforts to green-tech companies that may...
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