Rick Santorum’s Negatives Part 14: Political Venture Capitalist, Crony Corporatist and George Bernard Shaw.
Rick Santorum: Political Venture Capitalist, Crony Corporatist and George Bernard Shaw.
As we learn more and more about Solyndra, Evergreens, Solons, the Volt and the other failures1 of political venture capitalism in creating jobs, inevitably morphing we are reminded that it was not always Democrats who promoted alternative energy solutions and ‘innovative technologies’.
Big Government Pro-Life Statist1 Rick Santorum along with then Republican Arlen Specter, neither of whom ever held a job in the private sector nor built a business and employed people or earned a profit were, also, promoters of providing private businesses with $100 million dollars of taxpayer money for what turns out to be a failed business idea and a failed model.
Here is a 2003 press release from Arlen Specter SENATORS SPECTER AND SANTORUM ANNOUNCE $100 MILLION GRANT TO SCHUYLKILL COUNTY COMPANY
New Technology to Develop Coal-to-Diesel Clean Burning Fuel (13 January 2003)
And here is a 2006 news article: Senator Santorum in Schuylkill County to Discuss Nation’s First Coal-to-Liquid Plant, Waste Management and Processors, Inc., John Rich President, with Department of Defense Official and Local Officials 24 August 2006 Frackville, Penna.)
UltraCleanFuels has more information on coal to fuel technology and lobbying for government subsidies, including interview with John W. Rich. This sounds like a Leftist Corporatist more than what we think of a Republican.
Rick Santorum and Arlen Specter, politicians grasping for power not profit, followed the maxim of Fabian Socialist George Bernard Shaw: “A government with the policy to rob Peter to pay Paul can be assured of the support of Paul.” and what that means for the political class. (7 October 2009 thethinker referencing TheTaxProfBlog )
Carrie Budoff explains, in this news article, how this works in real life and note the lobbying fees and political contributions that, naturally and inevitably flow and reinforce a system of Crony Corporatism at the expense of The Forgotten Taxpayer, the productive person who works, saves and invests and pays taxes to support the government which treats him so poorly.
1 Governments find inefficient renewable energy is unaffordable (6 January 2003 Washington Times Patrick J. Michaels)