Energy Secretary Stephen Chu, the man overseeing the Obama administration's subsidies and loan guarantees to purportedly "green" enterprises, has another giant failure on his hands. Professor Chu, who has a Nobel Prize in Physics under his belt, is an excellent example of the danger of academic blindness, an affliction that has reached epidemic proportions in the Obama administration. AB, as we may call it, renders people with excessive pride in their intellects incapable of recognizing practical constraints.  Zack Colman of the Washington Examiner reports: The Energy Department is taking a $139 million loss on a loan to struggling electric car-maker Fisker Automotive after it found an investor to take a portion of an outstanding loan. The agreement between the Energy Department and Hybrid Technology reached Friday is a step in an eventual deal to transfer Fisker's assets, which includes Hybrid Technology assuming roughly $170 million of the federal loan, to a subsidiary...(Read Full Post)