Barack Obama, cleantech venture capitalist? | Grist
The government already picks winners. As the graphic below shows, the federal government subsidizes fossil fuels to the tune of $70 billion (compared with $12 billion for legit renewables and $17 billion for corn ethanol boondoggles).
And that’s just energy policy. Six decades of housing and infrastructure policy have prioritized driving over other forms of mobility, as Alyssa Katz recounts. Promoting sprawl amounts to another subsidy to the oil industry.
Obama isn’t messing with “free” energy and transportation markets. Dorning’s look at new industrial policy would have more credibility if he acknowledged the subsidies we already lavish on dirty industries:
*** Before liberals and progressives jump down my throat pls note that this graphic covers Bush yrs, not Obama… read the article.