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edhopper

(37,525 posts)

3. Obama's success rate

Reply to srican69 (Original post)

Wed Apr 24, 2013, 10:20 AM

Apr 2013

"With just 1.4% of its Recovery Act clean tech investments in “losers”, it looks like the Obama administration is batting a much better average in “picking winners and losers” than the private Venture Capital (VC) market itself."
http://cleantechnica.com/2011/10/21/obama-doe-picked-more-energy-winners-than-silicon-valley-vcs/

"A total of five have gone bankrupt, according to the House Committee on Energy and Commerce. All of the failed companies that the Committee identified came from just two programs that received significant dollar amounts from the Department of Energy. Those two programs funded 63 firms. The other 58 are still in business. That's a failure rate of about 8%. "
http://money.cnn.com/2012/10/22/news/economy/obama-energy-bankruptcies/index.html

But no one wants to talk about the over costs in defense spending.
Or the waste in fossil fuel subsidies.

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get ready to hear the word 'Fisker' a lot over the coming days... [View all] srican69 Apr 2013 OP

Have to be a WSJ subscriber to read that. Common Sense Party Apr 2013 #1

Have to be a WSJ subscriber to believe it, too. Orsino Apr 2013 #7

Subscribe to WSJ? TroglodyteScholar Apr 2013 #9

So Tesla is doing great, apparently. Did Tesla not also receive government loans? Common Sense Party Apr 2013 #2

Obama's success rate edhopper Apr 2013 #3

unfortunately, idiots will keep hammering away with the new stick they found... they don't have srican69 Apr 2013 #5

Too late - wingnuts have already been pushing the "Fisker = Solyndra" meme bullwinkle428 Apr 2013 #4

why on earth would the govt invest that much money in a luxury sports sedan? frylock Apr 2013 #6

Prototypes never are. Orsino Apr 2013 #8

then why not start out with a vehicle similar to the prius? frylock Apr 2013 #10

A company the size of Toyota can take that risk. Orsino Apr 2013 #12

You can't market an expensive sedan to a limited audience that's not interested in the first place. Initech Apr 2013 #11