[quote=flu][quote=FlyerInHi]Isn’t it nice to have the government picking the winners and losers for you.
Wouldn’t that lead to structural inefficiency, then eventual collapse? Meaning an unsustainable system?[/quote]
Why not? Didn’t Obama administration basically do the same thing with all that green energy funding and picking random companies for green energy grants….for example, picking loser companies like Solyndra that went under? Just how many green companies that the Obama administration gave grants to actually survived and are profitable?
Total of 5 companies that took the loans and folded. 4 companies fully paid off the loans, 20 companies still actively paying them off. That’s a failure rate of 17%. Assuming the energy loan program was a venture capital scheme, is a 17% failure rate too high or too low? (Serious question, I don’t know the answer)
Most of Red America still point to Tesla taking the loan as why they hate the company, due to the loans’ association with Obama. Yet Tesla took out .5 billion and repaid everything, but Ford took out $5.9 billion and still has a balance. But Tesla gets blamed for taking government handout but Ford remains the quintessential America’s car company.
