"Your Cash for Their Clunkers" – from the WSJ

by Marilou Moursund on October 19, 2011

in Fiscal Policy,Recommended Reading

This” from today”s WSJ addresses one of my points from my previous post: the government should not be in the lipitor to pravastatin venture capital business. From the linked article:

It”s hard to sell

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electric car batteries when the market for electric cars is
so small. Electric cars are expected to make up less than 1% of car sales by
2018, but that hasn”t stopped the feds from financing a glut of lexapro 10 mg battery makers.
Some 48 different battery technology and electric vehicle projects received
federal money as part of the Administration”s August 2009 announcement,
including such corporate giants as Johnson Controls and General Motors.

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