Sunday, April 20, 2014

These 3 fails show U.S. is an awful boss

The New York Post reports:
Before taxpayers lost $529 million on solar energy company Solyndra and $10.5 billion on GM, the US government had a long history of backing the wrong horse.

Many of the great industries in US history — from the fur trade to steamships, railroads, chemicals and airplanes — failed in the hands of government but succeeded thanks to private entrepreneurs.

A closer reading of American history may have avoided the colossal mistake of President Obama’s $700 billion stimulus bill.

The government has learned over and over again that when it comes to business, it’s a terrible boss. Here are a few examples to keep in mind the next time you hear about a government investment — and why you should quickly bet on the private competitor.
What government owned schools aren't going to teach you.