Subsidies for the politically connected

The following article by Robert Bryce discusses corn based ethanol and plug in electric vehicles:

http://www.energytribune.com/articles.cfm?aid=2485

The following paragraphs explain how the “Green Movement” works:

• Then again, the entire electric car push may just be another over-hyped flavor-of-the-month whose main effect will be the transfer of billions of dollars from the pockets of taxpayers to the coffers of politically favored industries that have effective lobbyists in Washington.
• Among the most notable recipients of the government’s largesse: Fisker Automotive. In September 2009, Fisker received a $529 million loan from the US government to help finance its startup costs. One of Fisker’s main financial backers is the venture capital firm Kleiner Perkins Caufield & Byers, a Silicon Valley firm where Al Gore is a partner.

If a thorough audit of any Government subsidy to industry is carried out you will find some type of unsavory relationship. There will always be someone who can benefit from convincing the Government that their industry is promoting the “common good”. Government should never fund private enterprise.