The Government DIDN’T Build THAT!
July 20, 2012 in Ed Willing
By Ed Willing SUCCESS STORIES OF GOVERNMENT “INVESTMENT”: Solyndra – Founded in 2005; received $528 million in government subsidies in 2009. Result: Bankrupt in 2011. The Chinese and others made solar panels better and cheaper. Samuel Langley – Tried to build first airplane in history. In 1900, U.S. government funded two flight attempts. Result: Both times, Langley crashed his plane into the Potomac River. Shortly thereafter, the Wright brothers flew a plane with their own money. Union Pacific Railroad – Founded in early 1860s with government money to build part of a transcontinental railroad. Result: Bankrupt, and some officers of the railroad convicted of bribing Congressmen. JJ Hill and The Great Northern Railroad then built a transcontinental railroad with no corruption and no federal subsidies. Edward Collins Steamship Company – Founded in 1840s to go from New York to England, and also received government subsidies in 1840s and 1850s. [...]

