Former Energy Secretary Chu on Solyndra and Green Energy Fiascos: ‘We were more successful than Wall Street’

Posted by on Jun 10, 2013 at 9:00 am

Se we guess Wall Street also wasted billions in taxpayer money on this green energy scam?

Q:And it wasn’t just because Solyndra blew up?

A: No. This is not widely appreciated, but Congress, with the renewable energy loan program, and the advanced (vehicle) manufacturing (program), they appropriated enough for $10 billion in losses – $10 billion. We’re not going to get to $10 billion. We might get to $2 billion. When Solyndra blew up, that was (a half billion). You appropriate $10 billion, and you won’t even tolerate a half a billion?

Oh, so because these clowns poured our money into this we’re just supposed to “tolerate” half a billion going down the drain? Why, he’s so casual with our money. Clearly he doesn’t understand the difference between investors on Wall Street risking their own money and taxpayer money being casually wasted? Hey, what’s half a billion when you meant well? Sheesh.

We’re going to have a few more bankruptcies. Sometimes it’ll be like Solyndra where you get 3 cents on the dollar. Others, it’ll be 80 cents, or something like that. If you look at what got started and what became bankable, was it successful? Yes. We were more successful than Wall Street. So come on, guys.

Ever delusional, the buffoon is now calling for a carbon tax, because that’ll do wonders for the economy.

We need a price on carbon. Just to start, within the next five years, to say 20 years from today it will at least get up to this price. That signal alone will drive investment.

Sure it will. Via Weekly Standard.

3 Responses to “Former Energy Secretary Chu on Solyndra and Green Energy Fiascos: ‘We were more successful than Wall Street’”

  1. Tilikum the Killer Assault Whale on 10/10/13 at 10:18 am

    Wonder how he’d feel if we took a chunk of his money and wasted it? When reality doesn’t fit their view, they just ignore it.
    Leftism IS a mental illness.

  2. Rich K on 10/10/13 at 11:45 am

    Gee, ya think Chu got hit in the head with the super collider a few too many times Gang?