Leslie Stahl interviewed ex-DOA "scientist" Steven Koonin who considers himself blameless for approving "on the order of 30" of the$150-billion in Green Graft loansthat either went straight into the pockets of a few well-connected "innovators" or straight down the shitter, producing nothing but FAIL.
Stahl: The government spent about $150 billion on these innovations. Taxpayer dollars. Money well spent? Koonin: I think there are significant developments that have come out of that spending that impact our energy system now. (!!!!????!!!! No shit, Sherlock!) New technologies demonstrated. (You mean those "new" 18th century windmills?) I think it was good value for the money.(I'm sure Mark Knofler* would agree.) Stahl: Well, Solyndra went through more than half a billion before it failed. Then I'm gonna give you a list of other failures: Abound Energy, Beacon Power, Fisker, V.P.G., Range Fuels, Ener1, A123, Ecotality. I'm exhausted. Koonin: As I told you, the energy business is tough.
Pardon the fisking, but his utter obliviousness to this level of FAIL is unreal. Check out the rest of the transcript at the link, which also contains this QOTD, even though it's old:
"When government tries to pick losers and winners, it typically picks loser. Why? Because in a free market, consumers pick winners to leave the losers for the government."
And these elitist douches make fun of how rednecks spend their money. Compared to the conga line of fail that is the "green energy" sector, that singing bass on the wall is a brilliant investment.
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And these elitist douches make fun of how rednecks spend their money. Compared to the conga line of fail that is the "green energy" sector, that singing bass on the wall is a brilliant investment.
Needless to say, this gummint needs to learn a little something about how this country works. Particularly capitalist theory.
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