Home › Forums › Financial Markets/Economics › Stimulus I can live with
- This topic has 25 replies, 5 voices, and was last updated 14 years, 5 months ago by AK.
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July 4, 2010 at 8:29 AM #575291July 4, 2010 at 8:32 AM #575917jimmyleParticipant
Sometimes it is unfair but we can’t rely on businesses to invest in R&D all the times while the Chinese government pumps billions into wind powered technology and solar.
[quote=joec]The main problem with governments picking winners and losers is the game isn’t fair already. As you’ve probably seen, T. Boone Pickens has invested insanely in things such as wind power and has been buying up wind farms, technologies, lobbying/influencing governments to force them to use more wind, etc…by passing laws.
I don’t think helping a multi-billionaire with stimulus that he is lobbying and banking on to make himself even more wealthy sounds right.
It’s one thing for the Tesla CEO to use his own funds and near bankrupt himself to do something new, but some billionaire trying to buy up something, then influence our governments to pass laws and stimulus for just 1 sector isn’t a good thing.
The main point is that a lot of this is extremely complex and there is no black/white answer.[/quote]
July 4, 2010 at 8:32 AM #575393jimmyleParticipantSometimes it is unfair but we can’t rely on businesses to invest in R&D all the times while the Chinese government pumps billions into wind powered technology and solar.
[quote=joec]The main problem with governments picking winners and losers is the game isn’t fair already. As you’ve probably seen, T. Boone Pickens has invested insanely in things such as wind power and has been buying up wind farms, technologies, lobbying/influencing governments to force them to use more wind, etc…by passing laws.
I don’t think helping a multi-billionaire with stimulus that he is lobbying and banking on to make himself even more wealthy sounds right.
It’s one thing for the Tesla CEO to use his own funds and near bankrupt himself to do something new, but some billionaire trying to buy up something, then influence our governments to pass laws and stimulus for just 1 sector isn’t a good thing.
The main point is that a lot of this is extremely complex and there is no black/white answer.[/quote]
July 4, 2010 at 8:32 AM #576023jimmyleParticipantSometimes it is unfair but we can’t rely on businesses to invest in R&D all the times while the Chinese government pumps billions into wind powered technology and solar.
[quote=joec]The main problem with governments picking winners and losers is the game isn’t fair already. As you’ve probably seen, T. Boone Pickens has invested insanely in things such as wind power and has been buying up wind farms, technologies, lobbying/influencing governments to force them to use more wind, etc…by passing laws.
I don’t think helping a multi-billionaire with stimulus that he is lobbying and banking on to make himself even more wealthy sounds right.
It’s one thing for the Tesla CEO to use his own funds and near bankrupt himself to do something new, but some billionaire trying to buy up something, then influence our governments to pass laws and stimulus for just 1 sector isn’t a good thing.
The main point is that a lot of this is extremely complex and there is no black/white answer.[/quote]
July 4, 2010 at 8:32 AM #575296jimmyleParticipantSometimes it is unfair but we can’t rely on businesses to invest in R&D all the times while the Chinese government pumps billions into wind powered technology and solar.
[quote=joec]The main problem with governments picking winners and losers is the game isn’t fair already. As you’ve probably seen, T. Boone Pickens has invested insanely in things such as wind power and has been buying up wind farms, technologies, lobbying/influencing governments to force them to use more wind, etc…by passing laws.
I don’t think helping a multi-billionaire with stimulus that he is lobbying and banking on to make himself even more wealthy sounds right.
It’s one thing for the Tesla CEO to use his own funds and near bankrupt himself to do something new, but some billionaire trying to buy up something, then influence our governments to pass laws and stimulus for just 1 sector isn’t a good thing.
The main point is that a lot of this is extremely complex and there is no black/white answer.[/quote]
July 4, 2010 at 8:32 AM #576324jimmyleParticipantSometimes it is unfair but we can’t rely on businesses to invest in R&D all the times while the Chinese government pumps billions into wind powered technology and solar.
[quote=joec]The main problem with governments picking winners and losers is the game isn’t fair already. As you’ve probably seen, T. Boone Pickens has invested insanely in things such as wind power and has been buying up wind farms, technologies, lobbying/influencing governments to force them to use more wind, etc…by passing laws.
I don’t think helping a multi-billionaire with stimulus that he is lobbying and banking on to make himself even more wealthy sounds right.
It’s one thing for the Tesla CEO to use his own funds and near bankrupt himself to do something new, but some billionaire trying to buy up something, then influence our governments to pass laws and stimulus for just 1 sector isn’t a good thing.
The main point is that a lot of this is extremely complex and there is no black/white answer.[/quote]
July 4, 2010 at 11:35 AM #575952AKParticipantAgreed joec … it can go too far … I think of the South Korean auto industry in the 1990s, with government sponsorship getting to the point where a small nation of 40 million had five auto manufacturers.
But yeah as jimmyle notes, the rest of the world isn’t standing still π
July 4, 2010 at 11:35 AM #575428AKParticipantAgreed joec … it can go too far … I think of the South Korean auto industry in the 1990s, with government sponsorship getting to the point where a small nation of 40 million had five auto manufacturers.
But yeah as jimmyle notes, the rest of the world isn’t standing still π
July 4, 2010 at 11:35 AM #576058AKParticipantAgreed joec … it can go too far … I think of the South Korean auto industry in the 1990s, with government sponsorship getting to the point where a small nation of 40 million had five auto manufacturers.
But yeah as jimmyle notes, the rest of the world isn’t standing still π
July 4, 2010 at 11:35 AM #575331AKParticipantAgreed joec … it can go too far … I think of the South Korean auto industry in the 1990s, with government sponsorship getting to the point where a small nation of 40 million had five auto manufacturers.
But yeah as jimmyle notes, the rest of the world isn’t standing still π
July 4, 2010 at 11:35 AM #576359AKParticipantAgreed joec … it can go too far … I think of the South Korean auto industry in the 1990s, with government sponsorship getting to the point where a small nation of 40 million had five auto manufacturers.
But yeah as jimmyle notes, the rest of the world isn’t standing still π
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