The WSJ reports on a debate over whether the US government should be investing in particular industries.
The feds sank $!50M into an advanced battery plan in Holland, MI. Critics say this is a do-gooder waste of money at best, counterproductive pork barrel at worst. My 2c is that the government is constantly favoring particular industries, ranging from investment banks and car companies during the bailout to DOE and DOD funding of promising technologies as an SOP. Unless we're going to cut all the other guys off, I don't see a problem spending relatively modest amounts on businesses that are both energy efficient and possibly high-growth.
Anyone care to take issue with that?