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Savannah L

Electric-car battery maker A123 Systems files for Chapter 11, fuels political fight - T... - 2 views

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    Yet another failed company under the Obama Administration. I think what frustrates me the most about these investments isn't that Obama has picked some winners and some losers, but that he has picked only losers, wasting 340,000,000$ so far. Do you guys think that the government should have this big of a role in investing in society, or should it just let green energy succeed or fail on its own? While Green energy is better for the environment, I feel that if the government is only capable of making bad investments or not making investments, then it shouldn't be wasting taxpayer dollars on companies that do nothing but fail. 
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    I'm not sure what I feel about the government investing. I don't think I know enough about this topic to weigh in.
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    Hmm. I'm conflicted about this as well. I think that it's great that the government is supporting green energy, but gambling with taxpayer's money does not sound like a good idea. Interestingly, this is a kind of similar idea to privatizing Social Security, which Obama is very strongly opposed to but Republicans (including Romney) have supported in the past.
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    In my opinion, this becomes an issue of rights vs. economy. Is green energy a right or an economic luxury? Is it the government's job to ensure energy rights or to let it become an issue of the market? From a broader perspective, do we need regulation to prevent the long-term issue of the destruction of our earth? Sometimes when we think "business, business, business", we forget about ethics/morals. It also becomes an issue of whether or not we want to lead the world in a clean-energy revolution. At the same time, our economic issues present moral issues as well. It is a hard thing to think about because our priorities get all jumbled up. I guess it depends on what the individual thinks is important.
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