I believe that Mitt Romney, with his experience in business, would have done it the same way as I outlined above.
Last edited by danarhea; 01-26-12 at 02:19 PM.
The ghost of Jack Kevorkian for President's Physician: 2016
In other words, they're investing capital in speculative enterprises with the expectation that it'll generate a return of some sort. Sounds like they think they're a venture capital firm.That's not what they're trying to do at all. They're trying to boost up companies that generate positive externalities.
Sorry, I have no specific information here but I imagine that this was much like Solyndra. Their model was gone over up and down and left and right and it was determined that they could not succeed at what they were doing. It mattered none to the government.Are you familiar with the concept of a positive externality? When an economic endeavor would create positive externalities, then the role of government is to help companies capture some of those externalities. That's what they're doing here, not day trading.
You want to fund research into technology to create long lasting batteries? O.K., I'll listen and consider that. Not as a profit center that can go bankrupt though.