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Bob Deans of the NRDC Action Fund on whether the government should give money to green-energy startups.
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Brings back the green energy debates right front and center former investment banker Carol -- is Condo and joins us now -- -- -- investment Banca.
I don't think that the government's track record.
Project -- trying to but act as an investment bank and investing energy windows.
The track records allows.
No every everybody is down on the private equity community -- The -- track record -- Mitt Romney's track record has been really good in the middle class that made a lot of money in their pension funds up of that.
But the American taxpayers have not done very well with the private equity firm of our governments they keep putting money into insulin drugs and now Smith electric.
And guess what their track record isn't terrible.
I'm hearing -- -- electric now that they're pulling the IPO may end up going out of business because they don't have enough capital to operate so we need for our government to stop acting as a private equity firm.
And let the private equity people do that.
And -- those policies and people who know how to invest the money and let those people be our -- Stuart.
That's the president is not listening to you all anybody else -- your opinion I mean he's doubling down on green energy they're going to increase the subsidence.
To the company is that they think all going to be when us there's there's no retreat here on green energy serious and nothing at all.
Now and that that's it that's typical trading mistake right you put money good money after bad is that got this really bad stock now it's -- So I would have doubled down on -- that's a terrible portfolio strategy we always -- something's not work day.
The definition of insanity is going down same path and expecting a different result of you know we'll have to realize it might.
Look for youngsters like you.
I mean -- and I'm not joking I'm saying look.
I'm for the future on the green energy forget coal that's such an awful ugly thing oil just pollutes -- it.
These beautiful things like Windmills and solar power in green energy.
That's the future -- that isn't appealing political line isn't.
It's a very.
Appealing political lining up with particularly appealing to is to the idealistic youth vote so it's not that much of a coincidence Stuart that right around an election that we're -- be going back to touting.
The green energy but I again I think that.
From the American people standpoint what we want is we want it it at an economy that works we want a national debt -- shrinking.
We need to get away from this idealistic they're putting get into a realistic standpoint.
And and focus on our future otherwise we're all going to be a lot of trouble here.
All right -- -- coming up to -- you all could join the company soon please we appreciate it with us today from all and thank you.
Thanks there are -- it is.
