That is the title given to Robert Tracinski’s piece. I would change the title of this piece to read “Obsolete Post Office Politics” because both parties are stuck in the past. President Obama’s “investment” in solar company Solyndra is no different than Governor Rick Perry’s (R-TX) state-level venture capital fund.
That is the lesson of the government’s failed experiment with solar panel maker Solyndra, which President Obama touted last year as the wave of the future, and whose technology was rendered obsolete before they even finished building their gleaming new factory backed by $600 million in federal loan guarantees. And it’s not just Solyndra.
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Yet here is Barack Obama, our Post Office President, bitterly clinging to the theories of the past and doubling down his investments in failure, while new ideas and innovations pass him by. Such is the fate of anyone who presumes to place the static judgments of an entrenched bureaucracy over the rational thinking and creative efforts of free minds.
Free minds and free markets.