Ramping Up Government Control of the Energy Sector

If insanity consists of "doing the same thing over and over and expecting it to come out different," President Obama is surely mad.  He has spent four years funding green energy start-ups that have failed, one after another.  Now he wants to spend the next four years funding green energy firms that are again likely to fail. To understand the president's thinking, or what passes for thought, all that's necessary is to grasp one simple fact: that for the left, profits are evil, and therefore businesses that make a profit and succeed are evil.  Only businesses that fail are virtuous. A corollary of this is, of course, that all businesses must be made to fail.  The function of government, as the left sees it, is to transfer control of the economy from the private sector to government.  The funding of successful businesses will not accomplish this.  But the transfer of profits from successful businesses to companies that are bound to fail will.  That,...(Read Full Article)