Steven Chu: “Are we in favor of the advanced technology automobile program that we have and its loan, and the answer is yes.”

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.

Today's hearing is part of the same anti-clean energy, anti-progress agenda that Republicans have been pushing for the last 21 months.

The loans we give are for American jobs, and we are very clear about that.