Jay Inslee: “Sure. And we can do things essentially at no cost to the Federal Government. For instance, loan guarantees. If we…”

“Sure. And we can do things essentially at no cost to the Federal Government. For instance, loan guarantees. If we guarantee a company that wants to start a plant, like this Iogen cellulosic ethanol plant, if we do a loan guarantee for them, there is a high level of confidence it is going to work, and it never costs us a dime, assuming that it works. But it helps them get the capital to give security for the investors to do that. That is a good investment for the country, if we choose wisely. But these companies will tell you they have to cross the valley of death, to get from development, where they have their prototype, until they can really commercialize it. And that is where Uncle Sam can happen. And we will get a lot more bang for our buck helping a battery company that will help us drive plug-in hybrids a few years from now than we will just giving it to a company that made $22 billion last year in the oil and gas markets. That is a better deal for America.”