Government & Green Energy Debacle
Why government isn't good at selecting investments.
Failing and Failed Green Companies and Government Support: Quote:
And then the inefficiency and waste, Quote:
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It would be nice to have a list if failed businesses that were funded privately for comparison.
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Too many for me to fact check but, given the vested interests of the Heritage Foundation, its founders and backers, I think it's best to view this information with a huge degree of skepticism.
John |
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After some googleing, I found that at least 50% of small business fail in the first year and 95% in the first five years. Businesses with less than 20 employees have a 37% chance of surviving four years. I'm guessing the failure rate for publicly funded businesses is not so different than the failure rate for privately funded businesses. |
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And, While the public money is handled differently than private money, in the end, money is money. I have owned several businesses and I have worked in the public sector managing your hard earned tax dollars. In the past four years there has been far more scrutiny of gov spending than there has been in the previous decade. (which has increased my job duties threefold while at the same time I have been forced to take a cut in pay due to the economy..... But.... At least I still have a job when many of my co workers were laid off) |
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The first link I clicked on took me to a Fox News story. John |
Lol.... My bad..... I meant to feign surprise at the thought of there being no cronyism in the PRIVATE sector!!
Oh well..... Guess this gov worker's brain is a bit mushy this morning! |
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Here's a quick summary of how those green "investments" are doing: http://jeffreystedfast.blogspot.com/...-stimulus.html Obviously, the government has other reasons for promoting one business over another, but that is not the purpose of government in a free market economy. |
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