27 Oct '11, 9pm

Obama Cleantech Stimulus: Bad Policy, Bad Politics and Bad for Cleantech: Filed under: Energy News

is no surprise to this cleantech venture capitalist. The inherent conflict between trying to get money out of the U.S. Treasury as quickly as possible to stimulate the economy and, at the same time, have government agencies that are ill-suited at making business decisions do just that was nothing other than a recipe for disaster. Anytime a government program is giving money to the private sector with the intent of getting the money back, the program is doomed to failure. Bureaucracies, politics and the lack of a profit motive simply don’t allow government to succeed in business. Anyone who was surprised that politics played a role in the loan decision for Solyndra (and almost certainly other awardees) is very naïve. Even if, by some miracle, the government could make good business decisions void of political influence, such programs are still doomed to failure because the ...

Full article: http://www.altenergystocks.com/archives/2011/10/obama_cle...

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