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"We are going to be heavily involved in economic development, both as an adviser, marketing the state, putting business together with capital, creating new technologies and, prudently and carefully, doing what we did in New York City: leveraging pension funds to create jobs and build housing and provide for the improvement of our communities".
As McGourlay says: "They are not just creating new technologies, they are creating the next generation of engineers".
But there were hints that Mr. Rubin could join Google X, the company's lab for creating new technologies like driverless cars, Google glasses and other wearable technologies.
The private sector must contribute by adapting the way they consume and produce, by creating new technologies and by providing essential services.
But whatever the explanation, the astounding contribution of the foreign-born in creating new technologies and new companies to market them can't be denied.
The other side is the more established and growing clean tech programme that's creating new technologies such as Nissan's electric car initiative and SMD developing renewable energy technology.
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Creating an all-human cast required creating new technology to animate detailed human anatomy, clothing and realistic skin and hair.
Let's acknowledge that they are brilliant at creating new technology and changing our lives.
It's not as if Mr. Paulson gained his wealth by creating new technology that transformed lives, like Steve Jobs (net worth $7 billion, according to Forbes) or Mark Zuckerberg ($17.5 billion), or by entertaining people (Oprah Winfrey, $2.7 billion) or clothing them (Ralph Lauren, $6.1 billion).
ARPA-E has been highly productive in creating new technology, while also contributing new scientific knowledge.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com