Another email dump
From ABC News:
...an email exchange between top White House economic advisor Larry Summers and Solyndra investor Brad Jones, of Redpoint Ventures. In December 2009, Summers sought advice from Jones about the administration's economic policy.
Jones reply included a harsh assessment of the Energy Department's loan program.
"The allocation of spending to clean energy is haphazard," he wrote. "The government is just not well equipped to decide which companies should get the money and how much. ??? One of our solar companies with revenues of less than $100 million (and not yet profitable) received a government loan of $580 million; while that is good for us, I can't imagine it's a good way for the government to use taxpayer money."
Summers accepted the critique, saying, "I relate well to your view that [government] is a crappy vc [venture capitalist]???"
Indeed.
