Steven Chu: “No, I don't think it's a proper way to do business.”

Pound for pound, dollar for dollar, he felt that ARPA-E was the most effective use of government resources he has seen in a long time.

We believe that that ATVM loans, for example, the loans to Ford and to Nissan, saved or generated many, many thousands of jobs.

Whether the investors are Republicans or Democrats did not enter into any decision as to whether we were going to fund the loan.

The American taxpayer has every right to expect that there is a reasonable chance for repayment of the loans we give out.