The Hill: “The Energy Department said Thursday it expects to begin tentatively approving new taxpayer-backed loans for renewable energy projects in the coming months. The announcement comes about seven months after Solyndra, the California solar firm that received a $535 million loan guarantee from the administration in 2009, went bankrupt, setting off a firestorm in Washington.”
The purpose of government is not to decide which businesses should receive taxpayer money to enrich the chosen few citizens who win the government business investment lottery. Not only is it morally wrong the government does not have the knowledge necessary to be in the venture capital business.
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