Whip Kevin McCarthy: Secretary Chu needs to scoot

posted at 8:30 pm on November 18, 2011 by Tina Korbe

In congressional testimony yesterday, Department of Energy Secretary Steven Chu claimed he had no idea how shaky Solyndra was — nor the solar industry, in general. He pushed a $535 million loan to the company because he thought it would create jobs and displace oil, he said. Much of that testimony wasn’t exactly accurate. The White House had plenty of warning about the solar industry collapse — and the job creation claim was always sketchy.

But even if every single word Chu spoke was true, his testimony does little to shore up confidence in his decision-making skills. (Nor does the fact that he’s still firm in his commitment to investment in solar energy, as evidenced by his trip today to a solar energy facility in Colorado.) So, it’s really no surprise that at least a couple of politicians have begun to call for his ouster. Scribe’s Lachlan Markay reports:

House Majority Whip Kevin McCarthy (R-CA) on Friday said Energy Secretary Steven Chu’s lack of knowledge about the problems plaguing now-bankrupt Solyndra demonstrates poor management skills that preclude him from being an effective Cabinet-level official.

“I would look to have somebody else manage” the Department of Energy, McCarthy said on a Friday conference call. “Things were going on that he did not know about,” he added. “That’s not the way you should be managing.”

Those comments echo remarks by the House Energy and Commerce Committee’s lead investigator. Rep. Cliff Stearns (R-FL) said Thursday that Chu should be replaced.

“I think the secretary is unaware of so many things that have happened that would question his financial ability and his management of very complex corporations,” Stearns said. “He probably should be replaced by the president,” he added.

Given the way the president has responded to the resounding chorus of calls for Eric Holder’s resignation, it’s doubtful he’ll replace Chu. Then again, while Chu didn’t admit to improper motives for the loan to Solyndra, he did take full responsibility for approving it. That’s far more than Eric Holder has done with the Fast and Furious scandal. Instead, Holder has stuck to the line that he didn’t know about the controversial gunwalking tactics an agency within his own department employed.

Either way, it all redounds to Obama’s discredit. He sure does know how to pick ‘em.


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What is it about this particular lying flaming leftist that should cause him to be replaced, when he fits so well in the Obama administration?

GaltBlvnAtty on November 18, 2011 at 8:37 PM

“He probably should be replaced by the president,” he added.

Absolutely. Fire Chu, have Obama step down to Sec of Energy. I used to think nothing could be worse than President Joe Biden, but I’ve learned better in the last three years.

Oh, wait… That’s not what he meant?

Laura Curtis on November 18, 2011 at 8:40 PM

Chu
Hsu

I’m sensing a pattern here.

SouthernGent on November 18, 2011 at 8:40 PM

If you want to see why,Team Right,has opening Statements,followed
by Democrat,who uses her statement,of Liberal CYA,with “Nostrils”
Waxman,going on about “Wasting Time”,and would be more productive to get thses Green Companies going to create jobs and stop wasting
all the valuable time on the hearing,and thats in the first 15 Minutes to boot!!

Oh,lots of Lefty Smugness and Condesending sumpin sumpin!!
============================================================

Congressional Hearings
**********************

O/T,

Intell Alert
————-

Energy Secretary Chu Testifies on Solyndra Loan
************************************************

Washington, DC
Thursday, November 17, 2011
****************************

Energy Secretary Steven Chu takes questions from House Oversight Committee lawmakers on his role in the federal loan guarantee made to the solar energy company Solyndra.

Sec. Chu told the Subcommittee on Oversight and Investigations that there was no political pressure from the White House on the decision to loan over half a million dollars to Solyndra – a company that went bankrupt in September of this year. Sec. Chu said he regretted the company’s failure, but stressed the importance of investing in new energy sources.

Energy Committee Republicans began looking into the Solyndra loan earlier this year. This summer, the committee subpoenaed documents from the White House’s Office of Management and Budget (OMB), which was responsible for reviewing the risks of providing Solyndra the guarantee, which was part of the president’s economic stimulus.

Solyndra Inc. received a $535 million government loan but laid off 1,100 workers and filed for bankrupt

http://www.c-span.org/Events/Energy-Secretary-Chu-Testifies-on-Solyndra-Loan/10737425577/

====================================

Energy Secretary Chu Testifies on Solyndra Loan
Solyndra Hearing with DOE Sec. Chu Part 1
*****************************************

http://www.c-span.org/Events/Energy-Secretary-Chu-Testifies-on-Solyndra-Loan/10737425577/

canopfor on November 18, 2011 at 6:30 AM

canopfor on November 18, 2011 at 8:42 PM

What irks me most, these people throw millions around like they are pennies.

First!

herm2416 on November 18, 2011 at 8:44 PM

Heh! Fourth!

herm2416 on November 18, 2011 at 8:45 PM

Btw,Chu admitts to knowing that Solyndra was going under,
and yet,he was still pumping money into it!!

Talk about Pure Madness!

Yes….Chu needs to be Fired,or Resignation ASAP/Expedite!

canopfor on November 18, 2011 at 8:49 PM

They are going to give him the Nobel Prize winning geek pass.

Cindy Munford on November 18, 2011 at 8:58 PM

By definition, as WSJ observed, Chu Chu has been funding companies which have not been able to attract private capital in adequate amounts because their economics are fraudulent or so iffy nobody would invest their own money…making a return on such risk is not feasible, if you’re accountable for making investments with a positive return..

Chu Chu proudly noted he has a $34B “portfolio” (his word), which has to make him one of the biggest venture capitalist investors in the US. Wow, what a step from a physics lab, and without having to do all that grotty time in trenches, learning about how businesses function and succeed/fail.

The European technocrat disease has crossed the pond, primarily due to Obama and his own studied ignorance, making sure to hire people less intelligent than himself, to preserve his self image.

Chu should be sharing a cell with Jon Corzine, but I suspect it won’t happen. He’ll get a federal pension instead.

Notice also the quality of his suit. Far cry from his initial appearance, isn’t it. I think he really likes being part of the 1%.

Harry Schell on November 18, 2011 at 8:59 PM

Like much of barry’s tenure in the oval office, Chu is just for show. His nobel prize has the function of lending credence to barry and his piggy cronies.

r keller on November 18, 2011 at 9:03 PM

They are going to give him the Nobel Prize winning geek pass.

Cindy Munford on November 18, 2011 at 8:58 PM

Cindy Munford:Lol:)

canopfor on November 18, 2011 at 9:03 PM

Secretary Chu needs to scoot

HERE’S AN IDEA:

Let’s have Holder escort Chu out the door…so we can lock the door before Holder can get back in!!!

landlines on November 18, 2011 at 9:05 PM

Chu should be sharing a cell with Jon Corzine, but I suspect it won’t happen. He’ll get a federal pension instead.

Notice also the quality of his suit. Far cry from his initial appearance, isn’t it. I think he really likes being part of the 1%.

Harry Schell on November 18, 2011 at 8:59 PM

Harry Schell:Yup,heres another casualty!
6 Figure loss!
===============================================

Gerald Celente loses all his money in Paper Gold when MF Global Failed
Nov 16 2011
************

Here is a perfect example of what I have said over and over. If you do not hold Physical Gold & Silver you will get nothing when the House of Cards falls down.

http://www.youtube.com/watch?v=9yNMW0S7S78

canopfor on November 18, 2011 at 9:09 PM

HERE’S AN IDEA:

Let’s have Holder escort Chu out the door…so we can lock the door before Holder can get back in!!!

landlines on November 18, 2011 at 9:05 PM

landlines:Most brilliant!:)

canopfor on November 18, 2011 at 9:11 PM

If Obama fires Chu, he won’t be invited to next year’s Nobel laureate picnic. Now with Al Gore, Paul Krugman, and Steven Chu all in attendance, what will they talk about without Obama there to suggest topics read from his teleprompter?

stefano1 on November 18, 2011 at 9:12 PM

Just eliminate the entire department and save the heartache.

cthulhu on November 18, 2011 at 9:15 PM

Steven Chu claimed he had no idea

Then don’t approve it if you don’t know squat all about it!!!

What a freakin’ idiot!

Heck, my goldfish is smarter than Chu.

Ahh Chu. Wasn’t that the name of a panda in a cartoon???

fred5678 on November 18, 2011 at 9:19 PM

displace oil

The agenda.

tinkerthinker on November 18, 2011 at 9:30 PM

Obama believes that firing someone confirms something was wrong. As his defense is there’s nothing going on there, just move along, it’s unlikely in the extreme that Chu or Holder will be let go.

Fred 2 on November 18, 2011 at 10:39 PM

HEY! Being “unaware” worked for Holder. Chu’s just following the example.

GarandFan on November 18, 2011 at 11:05 PM

What! Stop complaining, it’s not like it’s real money anyway. If Chu goes, which he should go to jail, he’ll be replaced with a fellow traveler. Better the incompetent crook we know.

Kissmygrits on November 19, 2011 at 8:34 AM