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Politics : Politics for Pros- moderated
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To: Bill who wrote (444925)9/7/2011 8:52:48 AM
From: joseffy  Read Replies (1) of 794169
 
Consider Energy Secretary Steven Chu, a Nobel Prize winning physicist.

In 2009, Chu's staff approved $535 million loan guarantee to the Fremont solar company, Solyndra.

Within two years, despite half a billion in taxpayer dollars, Solyndra announced last week it was filing for bankruptcy, shuttering its remaining plant, and laying off 1,100 workers. That was one miscalculation. Mistakes happen. But the biggest blunder was not made by a scientist, but by a politician who so trusted the hollow promises of the climate-change lobby that he bet the U.S. economy on green jobs that never did proliferate. That was President Obama, and you see the fruit of his misguided faith.

sfgate.com
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