But this got me to thinking: just what does a investment specialist with the Steadman Funds do after crashing and burning in such a comprehensive fashion? I wonder if maybe they went to work for the Obama administration’s “green energy investment” program? I offer this as a possible explanation after seeing the news this week that yet another green energy company backed with over $100 million in taxpayer dollars has filed Chapter 11 bankruptcy. Ener1 Inc., a battery maker, has joined the ranks of Solyndra, Evergreen Solar, and Beacon Power in the Obama Administration’s Steadman-like portfolio of energy investment losers. More failures are thought to be in the pipeline, according to a recent CBS News report.If the president really believed the Abraham Lincoln quote that he mentioned in this past week's State of the Union Address, that government should only do for people what they cannot do for themselves, then it has no business making risky "investments" in companies. Any one of us can do that all on our own. This president seems hell-bent on using his office to enforce his view of society on the rest of us, and I hope this dystopia ends next January.
Saturday, January 28, 2012
Government Shouldn't "Invest" My Money
From Power Line Blog: