President Obama, if he’d put his golf clubs down and read a little more news, would know there is a thriving privately funded industry of alternative propulsion happening. First, he has no authority to use confiscatory tax policy to take our property (read earned dollars) and spend them on donor’s companies. Second, a cursory look into this article points to his utter infantile understanding how speculative capital works:
Government money is not ‘invested’ – it’s like Section 8 Housing. Unappreciated, unaccountable, undeserved. Private money motivates performance. Have a look at this company for example:
This economy is in a sad state already, taking dollars from tax payers and spending it on donor’s projects will only make it worse!