The federal government has been a proven failure in picking winners and losers in the energy sector.
Sentiment: NEGATIVE
The Department of Energy made an investment that failed, and it got raked over the coals for that failed investment. This is ridiculous. The fact of the matter is, the government should be making a lot of risky investments, the majority of which are likely to fail.
Failure is more frequently from want of energy than want of capital.
Meanwhile, people have to join us and fight back against the federal government that has dropped the ball, that is in bed with these energy companies, that wants them to make more money than they've made before.
Folks, this government isn't too big to fail, it's too big to succeed.
But our energy woes are in many ways the result of classic market failures that can only be addressed through collective action, and government is the vehicle for collective action in a democracy.
We have to get government out of the job of picking winners and losers. That's what they've been doing the last year and a half, getting in the way of businesses that are trying to reinvest to get our economy back on its feet.
The fundamental challenge is that people like me simply do not trust the federal government any longer.
Government loses its claim to legitimacy when it fails to fulfill its obligations.
The U.S. increasingly has taken on the characteristics of what we describe as 'failed states.'
Government is dysfunctional.
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