Michelle Malkin writes here about the Obama administration’s love affair with companies that are trying to put algae to good use, such as making energy from it. More Solyndras in the pipeline!
This is consistent with the fascist notion of how an economy must be run — not on the basis of capital allocated through competitive markets, but with government functionaries deciding which firms (often those with the right political connections) will receive capital. If the taxpayers take a loss, so what?
