Who would ever have thought the clean energy- and federal spending-loving Washington Post would ever look askance at the combination.
In an editorial today about the Solyndra debacle, the Post said,
[The government] just needs to limit its intervention [in green technology] to an earlier stage in the process: basic scientific research. This is a traditional public good — potentially useful to society but financially unattractive to the private sector. Leave the high-risk, high-reward business of manufacturing and selling specific energy technologies to the market…
… “green jobs” offer a dubious rationale for federal support of clean-energy technology.
Join us in welcoming the Post editorial staff to economic reality.