Last Updated:November 25 @ 11:06 am

Rasmussen: Government Has No Business Dabbling in Business

By Scott Rasmussen

Just 16 percent of voters nationwide believe it was a good idea for the government to provide Solyndra with loan guarantees. The solar power company went bankrupt and stuck taxpayers with the tab for a half-billion dollars.

The Obama administration generally has responded to questions about the program in the way a venture capital firm would respond to questions about a portfolio loss. They note that similar government investments have turned out just fine and that it's only fair to look at their portfolio as a whole.

It's not a bad argument if you believe government should behave like a venture capitalist. But the American people soundly reject that notion. Only 27 percent believe it's ever appropriate for the government to make investments in private companies.

One reason is that people tend to view government as a lousy investor. Seventy-one percent believe that private sector companies and investors are better than government officials at determining the long-term benefits and potential of new technologies. Only 11 percent believe government officials have a better eye for future value.

If the government provides funding for a project that private investors refuse to back, 64 percent believe the government money will be wasted.

In addition to questions about competence, there are concerns about corruption and crony capitalism. Sixty-six percent of voters believe most government contracts are given to the company with the most political connections rather than the one that can provide the best service for the best price.

Americans agree that it's important to develop alternative sources of energy, but precisely because they consider it important, they are even more skeptical about government funding.

Most voters believe free market competition is more likely than government subsidies and regulation to help the United States develop alternative sources of energy. By a nearly two-to-one margin, voters also believe the solar power industry will be stronger in the long run if it is developed by the private sector and private investors. Just 31 percent believe it would be stronger with the help of government subsidies and investments.

That's the reason voters oppose government investments in Solyndra, direct subsidies for Chevy's Volt electric car and all other forms of corporate welfare.

The current campaign debate over Solyndra misses all of this. It's not a question of whether the Solyndra deal was a good or a bad investment. It's a question of whether the government should be providing corporate welfare in any form.

Those who mistakenly believe the Solyndra issue will help Mitt Romney's campaign should keep in mind a couple of very simple facts. First, by a three-to-one margin, voters believe elected politicians routinely provide help to favored companies. Second, seven out of 10 Americans believe government and big business work together against the rest of us.

In other words, Americans believe crony capitalism is a reality regardless of which party is in the White House. This is the root cause of much of the frustration sweeping the nation today.

Voters don't want to be selecting a venture capitalist in chief; they want to pick someone to run the government. And they want the government to stop picking winners and losers in the business world.




VN:F [1.9.6_1107]
Rate this post:
Rating: 9.8/10 (19 votes cast)
Rasmussen: Government Has No Business Dabbling in Business, 9.8 out of 10 based on 19 ratings

Don't leave yet! Add a comment below or check out these other great stories:


  1. BillzillaComment by Billzilla
    August 10, 2012 @ 10:58 am

    Exactly right!

    VN:F [1.9.6_1107]
    Rate this comment:
    Rating: 5.0/5 (1 vote cast)
  2. iam3Comment by iam3
    August 10, 2012 @ 2:59 pm

    I am so sick of both parties, any more. Neither one is telling the truth. Let’s all do ourselves a favor and demand from BOTH parties, more integrity.

    Folks, please know that after all the dust settles, all the false bravado, posturing, etc., BOTH parties have only their own selfish interests in mind. They are like lawyers who talk a good game against opposing counsel, only to go out for beers after both have collected their fees.

    How many of the idiots on this GOP site, or the idiots on the Dem sites understand that each party is merely arguing AGAINST what they were FOR , the last time. Just because the other side says it.

    Both DEM and GOP supporters are acting like their respoective parties are the truth, the light and the way.

    How utterly stupid.

    I am only 52, and I have never seen so many people on BOTH sides, say so many idiotic things. BOTH parties are the same; useless

    VN:F [1.9.6_1107]
    Rate this comment:
    Rating: 5.0/5 (1 vote cast)
  3. lowlifeComment by lowlife
    August 10, 2012 @ 3:04 pm

    Government is nothing but politics and everything (grants, loans, subsidies, government contracts, tariffs and taxes, the writing and enforcement of laws and regulations, ad infinitum) that is done by government, in which any official has any discretion, will be done with political and/or personal benefit in mind. This is precisely why the Constitution (which is presently ignored by all three branches of government) was written to limit the powers of the federal government to a few specific areas and disallowed (prior to the 16th Amendment) a tax base capable of funding a larger government. The fewer things government is involved in, the less money it has to buy political support and the less power it has to interfere in our lives and businesses, the greater will be our freedom and prosperity. Corruption is a natural part of government and the only way to limit it is to keep the government poor and weak enough that it can’t afford to buy more power and has little, in the way of favors, to sell.

    VN:F [1.9.6_1107]
    Rate this comment:
    Rating: 5.0/5 (1 vote cast)

Leave a Comment

  • "Funny how it increased and the situation has worsened since these colleges began receiving federal money. Another priority for..." Comment by proudoftheusa
    Posted in The Death of Free Speech
  • "Obama must NOT be allowed to get away with this BLATANT unlawful THEFT. Congress EXPRESSLY forbade this kind of bail-out,..." Comment by oleteabag
    Posted in Stop Obama's Backdoor Insurance Company Bailout
  • "" ... "the Obama administration quietly promised to bail out insurers for their losses" ... " He can't give them money..." Comment by vietnamvet
    Posted in Stop Obama's Backdoor Insurance Company Bailout

Network-wide options by YD - Freelance Wordpress Developer