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Another alternative energy misstep
October 16, 2012 - Harry Eagar
The Washington Post has an enlightening background report on the bankruptcy of A123, which tried to make batteries for electric cars.
RtO is already on record as dubious about electric cars. And just about every other kind of alternative electricity, based on nearly 40 years of reporting on failures of one kind or another. Heard much about fuel cells lately?
The Post says to expect to hear about this in political terms. No doubt. Romney has already told several lies about government-backed alternative energy programs.
You have to wonder why. The truth is bad enough. What's not mentioned by the Republicans, ever, when they jump on Solyndra, for example, is that these bad deals got a lot more private money than government-guaranteed loans. In A123's case, a hell of a lot more.
Sort of puts the kibosh on the idea that business can do a better job.
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