FAILURE DENIERS: Climate Change and Public-Sector Science.

If a new idea or product is failing or initially seems destined to fail, bureaucrats, their corporate beneficiaries, and their cronies work to get them underwritten or subsidized. The fact that the government is even involved likely indicates that the private sector knows better than to touch it without putting taxpayers on the hook. This explains why the Obama administration has had losers like Solyndra, A123 Battery, Beacon Power, and so many others in its energy “loan” portfolio.

And in his Georgetown University speech, Obama just 'doubled down' on failure.