While good intentions may be all that count to some folks, it's past time to start holding politicians accountable for their wastrel foolishness and admit that government has no business in business. To date, having thrown billions of taxpayer dollars into one "green business" after another, the return on what the politicians glibly refer to as "investment" is not zero - it's in negative territory, as taxpayers in Delaware can attest:
Delaware taxpayers appear to be getting soaked twice under a deal in which the Democratic governor loaned $21.5 million to a hybrid electric carmaker to set up shop in the state. The company has yet to produce a car in Delaware, and taxpayers are footing the electric bill for the idle plant.
That company, electric car giant Fisker (sarcasm intentional), promised to bring 2500 jobs to the governor's state as they produced vehicles retailing for $100,000 and up. They're producing nothing but a taxpayer hosing. It'd be nice to know that the story's unique, but it's far from it: taxpayers are still paying to clean up the hazardous waste left behind when the Solyndra execs took their half-billion in tax dollars, declared bankruptcy, and shut down.