Even giving the maximum benefit of the doubt, the green energy subsidy debacles of the past three years at best can be said to amply illustrate how difficult, nea impossible, it is for the government to correctly pick economic winners.
I'll say it again, because the government picks winners based at least in part on politics, decisions of who the government will support need not be based on any economic reality related to actual potential value created for/in the market.
Case in point continues to be Solyndra. Now the IRS is saying that within a very short time of receiving the 1/2 billion Dollars of tax payer money, the Solyndra executives were conspiring to use the failing company - which they knew was failing - as a questionable tax shelter.
Article here.
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