Wesley Mouch Award
By Arnold Kling
In Washington, the US Secretary of Energy, Dr. Steven Chu, broke with Obama administration renewable energy policy, telling stunned alternative energy developers at a recent meeting on alternative fuels that “if it were up to me, I would put every cent into electric cars,” according to a source present at the meeting.
Unfortunately, he means every cent of our money, not his. Sebastian Blanco writes,
the DOE is in charge of some big things and, this year, it has handed out billions in loan guarantees for plug-in vehicles, including money for Ford ($5.9 billion), Nissan ($1.6 billion), Tesla Motors ($465 million) and Fisker ($528 million).
Forget a carbon tax. Forget cap and trade. Steven Chu is going straight to picking winners and losers.
An energy department spokesman issued a quasi-denial of Chu’s quote. But his actions speak for themselves.