Originally Posted by king2070lplaya
Also, are we serious about the govt picking winners and losers being a new thing?? What ever happened to General Dynamics, North American Aviation, Hughes? I mean the govt has been "picking winners" from defense companies for years!
I think the new trend is more about Investing in "trying to create an industry that otherwise no private company will forge ahead into" than picking winners. I mean seriously, does anybody remember how much money this country spent on Star Wars? And how effective that project was? Way more was invested into (or "lost on") that tech, than has been lost on green energy companies.
You need to read the U.S Constitution. It says clearly that the Federal government is "to provide for the national defense". That is why billions are spent on defense, it's in the constitution.
It doen't say we must invest billions on questionable private industries. If one examines who got those billions, there is a direct correllation to the amount given to the election campaign. It's clearly payback time for those 'green companies' that gave. Unfortunatly for them, most are going out of biz, we get to pay the bills.
The reason China can and is pouring billion's into government support to create the low cost solar panel industry is because they can afford to. They don't spend 2/3 of their entire federal budget on entitlements like we do. This is why the US cannot afford to do that. We have SS and welfare to pay for.
Wishful thinking on behalf of our leadership without realizing it's not sustainable is the biggest error, anyone with a brain could see that coming.
Meanwhile, I would wait about 2 years for super low cost panels to arrive from China. They will be huge sellers in lower latitudes. I would look into investing into those companies, they will succeed.