That didn't take long. The Solyndra story is being blamed on Bush I heard on the radio.
Who is to blame is besides the point. What really matters is that (all) Federal governments shouldn't be venture capitalists with taxpayer dollars.
They ain't businessmen and they shouldn't play one on TV.
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Question: Did the government lend to early car manufacturers like Ford and Daimler?
Serious I'd like to know.
I would say the biggest help early car makers in the US got was when they convinced politicians to privatize public transit in many major cities (notably Detroit, Los Angeles, Indianapolis, and basically every city in Ohio). The public transit systems were bought by the automakers, who demolished them, and forced many people to buy cars.
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