monorail, monorail, monorail...... /simpsons
About $205 thousand per PROJECTED job. For that money, you could have simply paid $50,000 per job and had the workers stay home and had them “working” for 4 years.
Jack McHugh, senior legislative analyst for the Mackinac Center, said former Gov. Granholm's stance illustrates the combination of "hubris, folly and political deceit" he says is at the core of all government attempts to pick winners and losers in what is supposed to be a free market economy. Nearly every legislative Republican also voted for the subsidies.
"This is why what Hayek called the 'fatal conceit' of government central planners is so fatal," McHugh said. "When private investors and entrepreneurs stake their own money and reputations on a speculative venture, their motive is to make money. If it fails, they have no choice but to say 'oops' and hopefully learn from the experience. In contrast, when politicians use taxpayer dollars to make such bets, they are primarily pursuing political benefits, not economic ones. That motivation greatly increases the likelihood of failure. When it occurs, it explains why the politicians (and the bureaucrats who manage these programs) are never willing to acknowledge that the adventure was a mistake."
Truer words were never spoken! and this applies to much more than "green energy" policies, not to mention that anything "run" or "supported" by the "government" (especially the Fed's) is likely to be twenty times more expensive than any similar private-sector venture. It's just so easy to spend other people's money...
Elections are critical...some enterprising candidate should run a commercial based on this premise! I could vote for almost anyone who would promise to put an end to this business, and mean it, and actually DO something about it!
...a worthy quote for all time. Government pickers, choosers and corrupted, crony-seeking know-very-little-even-if-they-come-through-academia types are sure to make bad decisions. We haven't got the time it took for the Soviet Union eventually to figure that out.
HF
Well, somebody has to pay the bartenders and floozies in the Bahamas.
So where’d the money go?
And we still have all the global warming caused snowstorms here too.