Lenore Hawkins joins the Cavuto team on October 31st
On October 31st, Lenore Hawkins joined Jonathan Hoenig and Jonas Max Ferris to discuss the federal government’s loan to Beacon Power. Is this a repeat of Solyndra? From Lenore’s perspective:
- A politician’s job is to create an environment for success not to pick winning companies.
- These failed investments (Solyndra, Beacon Power) illustrate how expanding the scope of government invites abuse and the taxpayers foot the bill.
- Through taxation, the government pulls capital from successful ventures, takes out a portion for bureaucratic costs and funnels the remainder into ventures to serve political demands rather than market demands, which in the long run is simply a drain on the economy and a waste of resources.
- Politicians and bureaucrats do not make good fiduciaries as their jobs inherently create conflicts of interest whereby political pressures override sound judgment.
