The Subsidized Free Market Sure is Innovative

Tuesday, June 23, 2009
Posted in category Uncategorized

Here are more government subsidies to private industry so that it can produce politically-favored products that government desires more than consumers.

U.S. Energy Secretary Steven Chu presented Ford Motor Co. with $5.9 billion in loans today to help the automaker develop and manufacture a new generation of fuel-efficient vehicles.

“The American innovation machine, when it revs up, is the greatest in the world,” he said during a press conference here. “Today, we’re putting that engine into gear.”

And Tesla, and Nissan, etc. Innovation, here, means producing what the central planners want, and being paid to do it from the booty stolen from taxpayers. Obama calls this “an historic opportunity.” Do they ever come up with any new lines?

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