Chu: No One Should Pay $60 for a Lightbulb

SEC. CHU: The idea of that light bulb contest was to provide for a goal going further down to get a light bulb that eventually Americans can afford. And you know, $60—no one expects to pay $60 for a light bulb. And quite candidly, if you fill your house will light bulbs like that, given that they last that long, they should be in your will.