The GE rent seekers
Image via Wikipedia...GE has been sucking up to the Obama administration since its firs days and this was after taking bailout funds from the Bush administration in its last days. Some have been in the inefficient energy market, aka renewable, aka alternative energy. They have also participated with others in new appliance rebates that distort the market.
The point of this exercise is this: in a free market, companies profit when they deliver something that consumers want at a price consumers are willing to pay. In a government-directed market, mandates and regulations create demand while subsidies distort prices. As a result, Obamanomics doesn't just cost taxpayers and enrich the well-connected, it also replaces the will of the consumer with the will of politicians and bureaucrats -- this makes us much poorer.
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In a free market the guy with the best product at the best price makes the sale. GE in recent years has tried to game the market for its benefit and it has not worked out all that well for GE or the US economy.
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