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.What government owned schools aren't going to teach you.
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.
Sunday, April 20, 2014
These 3 fails show U.S. is an awful boss
The New York Post reports: