Fisker’s case illustrates why government bureaucrats are only accidental successes as investors of public money at best, but often are horrific decision makers at worst.
Tagged: Department of Energy
As if taxpayers didn’t already have to stomach enough corruption, incompetence and dysfunction in the government’s promotion of “green” energy, two past exemplars failure have returned to discharge blame at[...]
The report this month about the shutdown of Vehicle Production Group – beneficiary of a $50-million stimulus loan from the Department of Energy – means the Advanced Technology Vehicles Manufacturing initiative within the Loan Program Office has been a thorough failure.
No wonder FOE is upset that even the mainstream media networks no longer want to report on a global warming that does not exist. There’s real science and there’s the fulminations and lies of Friends of the Earth.
“Ineptocracy” is a new Internet-popularized word in wide circulation, which came to my inbox with the following definition: “A system of government where the least capable to lead are elected[...]
The publicity surrounding President Obama’s failed strategy to stimulate the economy, by putting clueless manager Steven Chu in charge of the Department of Energy’s lending activities, has become so bad[...]
For weeks now the buzz about Fisker Automotive, the latest Department of Energy-funded clunker, is that two China-based automotive companies – Zhejiang Geely Holding Group (which owns Volvo) and Dongfeng[...]
Today, the president has decided to release 30 million barrels of crude oil from the Strategic Petroleum Reserve (“SPR”) in a coordinated effort with the International Energy Agency to release[...]