The Obama administration tries and fails to beat the marketplace in creating clean energy jobs.
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Yet the federal government still owns just under 30 percent of General Motors. Perhaps that is one reason GM attempts to make cars consumers don’t want to buy, with the exception of those who are very rich and unafraid of the batteries catching fire.
Even without the inevitable cronyism, government-backed green firms that are untested by the market are about as good an investment as subprime mortgages. Anyone care to guess the outcome?
This isn’t to say that green companies can’t be profitable, just that politicians and bureaucrats are a poor bet for making them so. As long as the government is the biggest investor in the green business, these companies will be in the red more often than the black.
The news is saddest for those who have been led to believe green jobs were high-paying, secure, and unlikely to ever go away. Solyndra-style boondoggles aren’t just a bad deal for the taxpayer. Think of the employees working for them when they go belly up.
A man of faith in a godless age is hitting Americans where it hurts.
Mr. and Mrs. American Spectator Reader, let P.J. O’Rourke talk sense to your kids.
In Britain, defending your property can get you life.
The debacle of this president’s administration is both a cause and a symptom of the decline of American values. Unless Congress impeaches him, that decline will go on unchecked. An eminent jurist surveys the damage and assesses the chances for the recovery of our culture.
It won’t take long for conservatives to scratch this presidential wannabe off their 2008 scorecard.
The American Christmas, like the songs that celebrate it, makes room for everybody under the rainbow. Is that why so many people seem to be hostile to it?
Was the President done in by the economy, or by the politics of the economy?