Isn’t this amazing? The excessive hubris of government bureaucrats thinking – no, knowing – that they can provide products that people will buy continues to disprove the thesis.
Newsmax reported about the million construction jobs that have been lost during the reign of the Obama administration. But what happened in Holland, Michigan, is sufficient proof of this hubris:
Two years after a groundbreaking ceremony attended by President Obama, a Michigan plant built with $150 million in taxpayer funds to make batteries for hybrid vehicles is putting workers on furlough — before a single battery has been produced…
The plant — run by LG Chem, a South Korean company — was opened in July 2010 to make batteries for the Chevrolet Volt, a plug-in hybrid vehicle built by GM. But the car has seen sluggish sales, despite a $7,500 federal tax credit for each vehicle, and fewer than 25,000 Volts had been sold by September. Production of the car has been plagued by several plant shutdowns.
Well, not exactly. Production of the car has been plagued by