Steven Chu: “The President's 2010 budget seeks to usher in a new era of responsibility.”

This budget helps reduce our reliance on oil by developing the next generation of home grown bio fuels and by accelerating electric vehicle research, development, and deployment.

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.

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

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