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Politics : Formerly About Advanced Micro Devices
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To: combjelly who wrote (736288)8/31/2013 4:56:23 PM
From: i-node  Read Replies (2) of 1578148
 
>> That was not at all what happened, though. There is a market for solar panels, but the Chinese want to corner that market like they have done with rare earth elements.

Business -- and everyone else -- makes bad spending decisions when infused with taxpayer dollars. This was a fundamental premise of Milton Friedman's understanding of government spending. The more distant from taxpayers, the more money is wasted. Obama's solar projects were a perfect example of that although there are tons of others.

Business would never have made those awful decisions had there not been no/low cost taxpayer dollars involved.

This is why the federal government should not be funding business ventures or running massive spending programs unless there is a compelling need to do so; the waste, fraud and abuse soars when the federal government spends money.
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