[troy McClure]

Obama and his band of Thieves.

[O6ret]

Obama is proof that it doesn’t take much to get a Nobel prize...it’s far more important to be of the correct political persuasion.

[FlingWingFlyer]

The term Nobel prize doesn’t do anything for me. It’s just another “award” like the Oscars and Grammys that communists give to other communists. Artsy fartsy stuff. The chief of the Navajo tribe went to Oslo a few years ago to pick up an award from the Nobel hippies after declaring the Navajo reservation a Nuke Free Zone. LOL!

[truthguy]

A Nobel laureate just might be a poor choice to run a Federal Agency. The types of skills required to oversee a bureauracy are completely different than those required to do basic scientific research. Chu probably deserved his Nobel prize, but that doesn't mean he knows a lot about the practical application of energy in the real world. This is known about at major US Corporations. Senior Scientists at the major US corporations are rarely the types that would be successful as CEOs. I surprised so many people are discovering that Chu has done a horrible job as Secretary of Energy. I expected him to do horrible after looking at his resume.

[Vaduz]

It must be true there isn’t one person in the Obama tribe that can do anything right.
Stooges the entire lot of them.

[isthisnickcool]

Chu may be a somewhat good scientist who is a rabid believer in global warming but he is no business guy.

Chu was the perfect patsy for Obama to bring in while Obama and his Chicago robbers busted out the US Treasury. Chu is now going from being a patsy to the fall guy.

[corlorde]

Rep. Henry Waxman, D-Calif., came to Chu's defense. "We have lost the money," he announced. "It's unfortunate, but there's no scandal there."

We? We have lost the money? I beg to differ. Well Golly Waxman, we should just chalk it up to 'lesson learned, no harm no foul' then, eh? Perhaps I'll try that method with my finances.

[MontaniSemperLiberi]

Here is a problem with Obama and Chu on this whole Solyndra thing.

They don’t understand how ideas become industrialized. They don’t understand all the things that have to come together to get something new to work. Since they don’t understand it, it seems random to them and they start talking about risks as if they are probabilities.

So, like buying a lottery ticket, they think that to win they have to play. They have to put down money on a whole lot of projects and some will come up winners and some will come up losers. Randomly. They think the reason private investors don’t invest in these new technologies is because they are “risk adverse” and “only interested in profits.”

The truth of the matter is that after the fact, the way investors and technologists dissect it, it’s readily apparent that the new thing was doomed from the start. It’s not random. It just wasn’t known. So investors and technologists spend a lot of time figuring out what they know and don’t know about a technology. It’s not aversion to risk. It’s aversion to not knowing and making dumb mistakes.

Chu doesn’t realize that he decided to NOT know. He decided that since he didn’t know, no one could know. He was wrong of course but his ego will never let him admit that.