Thursday, July 15, 2010
Why the Obama Stimulus Failed
Heritage "...Maybe this new battery plant is worth investing millions of dollars in. Maybe it will eventually turn a profit. But maybe not. The issue is, “Why is this any of the government’s business?” We used to be a capitalist country. We’re supposed to have vibrant capital markets that make these decisions using market principles. Instead we have the Obama administration acting as a venture capital fund picking winners and losers not based on economics, but on political priorities (in this case global warming)."
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