How much welfare do corporations receive as a direct cash benefit from the U.S. government? According to a recently published Cato Institute policy analysis, it’s nearly 100 billion dollars. We mined the report to visualize which U.S. government agencies or spending categories are the biggest recipients of the largesse of U.S. politicians: The majority…
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In an Associated Press article in the San Jose Mercury News, “Parent of Obama-backed battery maker goes bankrupt,”Matthew Daly reports that yet another “green” company that received corporate welfare from the Obama administration has now gone bankrupt. In this case, the electric car-battery company Ener1 received $118 million from the Department of Energy in…
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Christopher Jensen reports in the New York Times on yet another disaster from the massive U.S. corporate-welfare (i.e., pork) for “green” cars, this time luxury vehicles for the uber-rich: Fisker Automotive is recalling all 239 of its 2012 Karma luxury plug-in hybrid cars because of a fire hazard, according to a report filed with the…
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In “For Obama’s green-car revolution, fits and starts” in the Washington Post, Carol Leonig and Joe Stephens report that the highly-touted, taxpayer subsidized, “green” car bonanza is failing, as production lines and sales expectations have been dramatically scaled back in recent months. In reality, this federal program is nothing but a corporate-welfare system for…
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