Memo: Obama Wanted 3% Of Nation’s GDP Invested In “High Risk” Green Jobs Ventures
Green jobs ventures like Solyndra, which went belly up this year, and Sun Power which Obama administrations are busy trying to expunge any mention of from press releases.
(CNSNews.com) – The Obama administration, as a long-term goal, sought to spend three percent of the economy – or about $450 billion – on research and development of “transformational solutions to Nation’s challenges,” and it planned to prioritize spending on “solar energy, next-generation biofuels, and sustainable green buildings and building retrofit technologies.”
A July 21, 2010 White House memo by John Holdren, director of the Office of Science and Technology (OSTP), and then Office of Management and Budget (OMB) Director Peter Orszag said the three percent of Gross Domestic Product would be from public and private investment for research and development.
Is anyone else tired of our elected leaders treating the government treasury as if it were their personal investment portfolio? Since when did we start electing an investment manager-in-chief?
Maybe, instead of sending our money off to Washington DC where our politicians can risk it in these ventures, the money ought to stay in our pockets so that we can choose to risk it in investments…or not risk it at all.
If a technology is worth investing in then those with capital in the free market will invest. If it’s not investing in, then only the government would invest in it. Because then the government invests, it’s always other people’s money and never based on the sense of the investment but rather how good the lobbyists are at their jobs.
“Government investment” ought to be a practice banished from the halls of government.Tags: Barack Obama, big government, solyndra