Quote:
Originally Posted by Vendzilla
I never said don't invest in electric cars, can't you read?
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I can read. You said you don't want to invest in electric cars.
You really said you don't want the government investing into private companies making electric cars. And I say hogwash. The private sector has been unable to create a viable electric, battery powered car to market and have it be a financial success. Toyota isn't able to do it; GM isn't able to do it with all of help and subsidies from the government. All of the wonderful technology we have had huge help from the US Government - computers, the Internet, cell phones, GPS, etc etc etc... The US government had computes in the 1940s yet I didn't have my first desktop at home until 1995. We can either wait another forty years, or we can have the government invest some money into it.
As for your cut and paste from some pro Republican site about all of the bad investments.... Well, of course there were some bad investments. No? Was there any bad investments under Bush? What would you like to start with - Frannie May, Frannie MAC, AIG, TARP? That's just off the top of my head. Who else did Bush invest our tax dollars in?
Would Romney do anything differently? This is exactly what Romney has done his entire life - borrow money from other people, invest it into risky enterprises, collect a management fee, and then walk away before it crashes and burns. The only difference is this money he'll be blowing will be our tax dollars, instead of collecting a management fee we'll be paying interest, and when 30% of his investments fail we'll be stuck holding the cost. Win win win!