Solyndra

The Solindra problem the democrats now have exposes the lie that the government is capable of running businesses. True capitalists would not touch this Company because the risks were not acceptable. A capitalist looks at the facts to ascertain whether to put money into a project. A bureaucrat looks at a policy (green jobs) to ascertain the disbursement of funds. Even when advised by risk capitalists not to spend the money, the policy overrides and money is spent.

Another reason government cannot run corporations is that cronies are listened to, and the cronies carry a lot of weight because they contribute money to campaigns. There are sometimes cronies in private companies but they must deliver or else the company goes bankrupt. The real world is dominant in private companies and when somebody makes a major mistake he is fired. When the government operative makes a major mistake he is transferred, never fired, certainly he never resigns. His mistake is miraculously turned into a resume enhancement. He lives to screw-up again.

The head of the Department Of Energy, Mr Chu,  now says he regrets giving 500 million to Solindra. He does not go to jail for handling the public's money so cavalierly, mentions nothing about resigning, but puts up his head and proceeds to his next task. Private capitalism is far better than government for running corporations.