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Open Thread: Energy Secretary Testifies to House Committee About Solyndra; Chu on How Much Taxpayers Will Recover: “Not Very Much;” Vids added

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By Doug Powers  •  November 17, 2011 11:02 AM

**Written by Doug Powers

Department of Energy Secretary Steven Chu is now testifying before the House Energy and Commerce Committee about what a great idea it was conceptually to dump $535 million worth of taxpayer money into a loan guarantee for Solyndra, and how the decision-making process wasn’t political whatsoever, even though emails would seem to contradict that claim.

C-Span has live video here.

Reason.com has a live blog. Chu’s providing proof that even Nobel Prize winning physicists can have issues with selective memory loss:

So far Chu is pleading total memory loss of all the emails warning that Solyndra was going to run out of cash.

In Chu’s defense, maybe he didn’t assume Solyndra would run out of cash because another government loan was in the process of being locked and loaded.

**Written by Doug Powers

Twitter @ThePowersThatBe

Update (MM): Chu says the amount the government will be able to recover from Solyndra bankruptcy is “not very much.”

See my Twitter feed for full live-tweeting. Democrats are doing their best to carry water for Chu and Obama. Henry “Nostrils” Waxman has condemned GOP as “anti-science” for opposing bottomless bailouts for Dem-tied solar frauds.

For vid clips, go to GOP.com. Here’s a sample:

“NOT VERY MUCH:”

No apology for squandering taxpayer money:

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Categories: Corruption, Democrats, Hillary Clinton