- Obama takes aim at ‘corporate deserters’
- Dick’s Sporting Goods lays off 478 PGA golf pros
- Senators: Cease-fire must allow Israel to defend against rockets, tunnels
- Sierra Leone doctor fighting Ebola catches disease
- Iraq welcomes Russian fighter jets, helicopter gunships into ISIL fight
- John McCain laments: Obama’s ‘self-pity … is really kind of sad’
- GOP offer to fix VA gives $10 billion in emergency funds
- Paul Ryan offers to repair U.S. economic safety net with a single grant stream
- Kim Jong-un builds bond with Putin: $250M Russia-backed addition to key port opens
- Pope Francis meets Meriam Ibrahim, a Sudanese woman sentenced to death
By Michael Widlanski
Leveling the battlefield to aid terrorists enables evil to fight on
Topic - Sean Mcalinden
The bankruptcy filing Tuesday by a startup electric-car battery company that received hundreds of millions of dollars of economic-stimulus funds from the Obama administration is the latest sign that the president's high hopes to spur a clean-energy economy is in big trouble.
"This peacetime intervention in the private sector by the U.S. government will be viewed as one of the most successful interventions in U.S. economic history," said Sean McAlinden, the center's chief economist.
"When people are not working, not only does the government not collect money, it must spend money," Sean McAlinden, senior economist at the Center for Automotive Research, told the Detroit Free Press. "Short run losses are real losses. They don't go away in the long term. Even if the industry does come back."