As if he had in the past.
So now Obama has told Congress to take their subpoena and shove it. Solyndra went belly up and the tax payers got screwed twice. First when Obama loaned the $533 billion and again when the tax payers were put in second place for a payback.
Despicable. Disgusting. Crony capitalism at its worst yet Obama defends it as necessary if we are to “compete with China.”
One of the major problems of the Left is that it fails to understand the difference between building infrastructure, which the government does well and technology birthing which the government can do well and picking what companies to support which is known as crony capitalism and as Solyndra showed, the government is lousy at.
Notice that I moved from the affirmative “does” to the possible “can” to “the government is lousy at.”
I brought up the Internet for a reason. Government sponsored much of the early research in the name of national defense. (I guess all you peaceniks didn't like that!) Government was also instrumental in establishing worldwide standards and protocols.
At that point private industry took over... you may have heard of IBM, Microsoft and Apple (among others)… and developed hardware and software that did what people wanted.
The next question was, how do we connect all these computers to each other?? Again private industry took over and developed SONET lightwave transport, then DWDM systems and fiber optic cable to carry the signals. You may have heard of ATT, ITT, Northern Telecom (Nortel) and Ciena among others. Then we had the local telephone companies, GTE, ATT, Continental, PTI and the inter city transport companies, Level 3, Quest, ATT also among others.
At the same time the government expanded their previous deregulation of the network with the Telecommunications Act of 1996 and there was an explosion of capability and capacity and a lowering of prices unprecedented in the modern world.
The Internet, made possible by Government assistance, was made affordable by private industry. Many companies were started. Many failed. But the market was successful in allocating enough money to allow enough companies to succeed that I now can get local service, long distance voice service and 1.5 MB Internet service for around $65/month.
Cellphone service was also impacted because if you could set at your desk and talk to the world... Then you needed to be able to talk to your customers while waiting to board a flight at the airport. And as technology expanded, you also needed Internet access.
Was some of the above painful? Yes. The world changed and some people became rich and successful. Some became just successful (I put myself in that bracket.) Some people lost nice secure jobs and they didn't make the leap.
That’s life in the fast lane, boys and girls. What we have to decide is if we want 4% unemployment and a lot of new millionaires… or 9% unemployment and a lot old millionaires being taken care of by the government.
"Unlimited tolerance must lead to the disappearance of tolerance. If we extend unlimited tolerance even to those who are intolerant, if we are not prepared to defend a tolerant society against the onslaught of the intolerant, then the tolerant will be destroyed, and tolerance with them." - Karl Popper
“Necessity is the plea for every infringement of human freedom. It is the argument of tyrants. It is the creed of slaves.” - William Pitt
"Logic. There is little logic among the cultural elite, maybe because there is little omnipresent fear of job losses or the absence of money, and so arises a rather comfortable margin to indulge in nonsense." - Victor Davis Hanson