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More Subsidies for Government Directed Failures

October 30, 2023 by Barry J. Klazura No Comments

As I have written several times, governments have a habit of creating a new program funded by your tax dollars, then when the programs do not work out, decide that taxpayers need to pour more subsidies into the bad program to “rescue” their failure.  Wouldn’t it be wiser to re-examine the failing program, figure out why it is failing and then insist that those who manage the disaster fix the problems which are creating failure?  Sorry, I said a word that is verboten in government speak; wise.

For years the government has been taking your taxes to subsidize an idea whose time (and technology) has not really come, but they continue to create government made millionaires who receive subsidies for a concept that is not especially popular with consumers.  They also have decided that in the name of “green” energy, they have all but taken over another one-seventh of the U.S. economy, the auto industry (thanks to Obamacare they took over that one-seventh of the economy and it is working so well).  Watch on the horizon for more government bailouts funding by borrowing which you, the taxpayer will have to fund. 

Read the linked article below and count the days.

https://www.wsj.com/articles/brace-for-the-wind-and-electric-vehicle-bailouts-506383a8?mod=opinion_lead_pos6

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Barry J. Klazura

Barry Klazura sipping grappa

With a Masters Degree in Guerrilla Warfare and Totalitarianism, Mr. Klazura was well prepped for a career in Sales and General Management, consulting on corporate startups and turnarounds as well as lecturing on history and politics.  For the past twenty years he has focused on being a financial advisor and consulting.

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