l****z
发帖数: 29846 | 1 Lost in all of the attacks on Mitt Romney is this important fact: venture
capitalists play a crucial role in our economy. Access to capital is often
the crucial difference between companies that succeed and those that fail.
The complications arise when government decides to play the game, using
funds generated from a completely different source, one that cares little
for metrics such as "return on investment". In fact, it would be completely
accurate to say that when government tries to play venture capitalist it too
often uses political calculations when determining which investments are
most suitable.
CBS News is reporting
on a growing scandal regarding the Obama Administration's involvement in the
green energy segment, and the results aren't pretty:
Solar panel maker Solyndra received a $528 million Energy Department loan in
2009 - and went bankrupt last year. The government's risky investment
strategy didn't stop there, as a CBS News investigation has uncovered a
pattern of cases of the government pouring your tax dollars into clean
energy.
Take Beacon Power -- a green energy storage company. We were surprised to
learn exactly what the Energy Department knew before committing $43 million
of your tax dollars.
Documents obtained by CBS News show Standard and Poor's had confidentially
given the project a dismal outlook of "CCC-plus."
Asked whether he'd put his personal money into Beacon, economist Peter
Morici replied, "Not on purpose."
"It's, it is a junk bond," Morici said. "But it's not even a good junk bond.
It's well below investment grade."
Was the Energy Department investing tax dollars in something that's not even
a good junk bond? Morici says yes.
"This level of bond has about a 70 percent chance of failing in the long
term," he said."
That last statement makes the very obvious point that these are purely
political ploys, not serious attempts to jump start a fledgling industry. |
|
