Page 197 - Doe News Today

This year. we want to create more than that next year. this is important to the people and cash in the take home pay and in the pockets of the speaker. we need it. >> what do you think the timeline will be as we wait on the tick tock of the clock? >> it will take a while. we have to do a couple of things. we have to reach an agreement on the payroll tax cut. we can doe that. that is progress made and not enough to reach a deal, but some progress. we need to extend unemployment insurance and a jo...

Appropriately so. >> well, thats the question that some outlets ought to be asking. i mean, there must be other solar panel-makers in this country. why does solyndra get half a million dollars worth of taxpayer money when other companies dont? >> i mean, do we know that for a fact, that there was -- i mean, i think that they -- this is part of their program, the idea of encouraging clean energy, the doe program was started under the bush administration, so its not as controversial as people try ...

Appropriately so. >> well, thats the question that some outlets ought to be asking. i mean, there must be other solar panel-makers in this country. why does solyndra get half a million dollars worth of taxpayer money when other companies dont? >> i mean, do we know that for a fact, that there was -- i mean, i think that they -- this is part of their program, the idea of encouraging clean energy, the doe program was started under the bush administration, so its not as controversial as people try ...

Still kicking along and doing well. and so its, first of all, not been a disastrous effort by the energy department, and i think most investors would be happy if 36 of their 38 investments actually worked out. i think in this case with solyndra, there were clearly mistakes made, and we have to learn how to do this better. its critical for the government in being involved in making sure the clean energy industry takes place. theres been long history of subsidizing energy because of the nature of ...

You, sir. >> reporter: yep. megyn: well, congress today grilling the presidents right-hand man on energy about how the doe made a bad loan with a half billion dollars of your money, taxpayer dough. energy secretary steven chu on the hot seat at a hearing of the house energy and commerce committee. two burning questions on the solyndra financial catastrophe: why did he approve a $535 million loan for this company when there were red flags all over it, and why did he let private investors jump ahe...

Department of energy really thinks politically before it thinks economically, and talks about how the doe pushed very hard, meaning department of energy, pushed very hard for solyndra to hold off on its announcement of laying off 100-plus employees until after the election. and they talk about how they wanted this bad news out of solyndra to be postponed until after the midterm election of 2010. neil, what does it tell us? >> well, we also have an investment adviser to kaiser who wrote him and s...

>> well, it is -- >> d.o.e.? >> it is extremely unfortunate what has happened but if you look at the time decisions being made, was there incompetence? was there undue -- any influence of a political partnature and i would have to say no. >> that was energy secretary steven chu who appeared before a house subcommittee defending the half billion dollar federal loan given to the now bankrupt maker of solar panels solyndra. in september of 2009 the $535 million loan was approved under president oba...

It is halting operations. upton says he was only representing constituents in asking doe to take a look at the company whether it was a sound investment or not. back to you guys. jenna: lots of different sides, james. as you were giving us the report we got this headline crossing from the hearing. energy secretary chu telling house lawmakers, quote, im not anticipating very much recovery of taxpayer money from the solyndra bankruptcy. so a lot still to follow here. james, thank you very much for...

Means behind closed doors without the ability to make copies of them. solyndra is now bankrupt manufacturer of solar panels that president obama personally visited 18 months ago to which the energy department granted $535 million loan guarantee. in september of this year the fbi raided the companys offices. house energy and commerce committee chairman fred upton, republican from michigan and subcommittee chair, cliff stearns, republic can from florida. they want to know why secretary chu overrod...

Weve got to be smart about this. its a smart way to go. ♪ stories we are following for you today on this thursday. the secret service is beefing up security after a suspect is arrested in a shooting at the white house. authorities say oscar ortega hernandez who was picked newspaper pennsylvania has a history of erratic behavior and may be responsible for shooting into a wednesday doe at the white house. a major drug bust on the doorstep of one arizona home. look at this. border agents found a ...