Monday, December 05, 2011

THE HOCKEY SCHTICK: There He Goes Again, Version 5.0: Mann Claims His Hockey Stick was Affirmed by the NAS

In a letter to the editor published today in the Wall Street Journal, climate fraudster Michael Mann continues to falsely claim the National Academy of Sciences affirmed his hockey stick, insists there is 'overwhelming evidence' supporting the climate hoax [what specifically?], and again makes the ridiculous straw man argument that climate realists are fossil-fuel industry shills using political tactics of the tobacco and lead industries.

Solyndra: Steven Chu’s bad bet

Had Mr. Chu walked away, the taxpayers at least would have walked out of the DOE stimulus casino with some of their chips. If DOE had not illegally approved the subordination and simply had let Solyndra fold in December 2010, taxpayers would not be on the hook for $95 million of the loan guarantee that had yet to be dispersed in addition to the $75 million that was subordinated. This is a case of throwing good money after bad, and taxpayers are left holding the $170 million tab because of bad bets.

Mr. Chu has a final choice to make: knowing when to run. He can clean out the system at DOE that led him to make such bad decisions or he himself can step aside.

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