I‘m having a good laugh this evening at the CFO of Sage Electrochromics, Mike Kennedy, who’s upset that his $65 million loan guarantee from the Department of Energy (i.e., the little dictators doing business as “The Government”) is taking too long.
“I’m guessing that we will have the money by the end of the year at the earliest,” says Mike Kennedy, Sage’s chief financial officer. “There has to be a way to do this faster.”
It’s Called the Free Market
Why am I laughing? Because there IS a faster way and it is staring Mr Kennedy blue in the face: it’s called the free market, where entrepreneurs raise money by offering investors partial ownership of the company or take out bank loans.
No, He Wants YOU to Guarantee his Business
But Mr Kennedy decided that, no, he had to get his $65 million from the little dictators doing business as “The Government”, slavemasters who have convinced tens of millions of people that they have a right to the fruits of our labor.
Basic Cause: Laziness
It’s a kind of laziness, I think, that leads people to ask the government for money. I imagine a budding freeloader thinking “I want to start a business, but that means hard work. Those bankers and venture capitalists are tight-fisted SOB’s. I’ll just talk about how really important my product is and then politicians will have to lend me the money.”
At least the government is taking its time in forking over our money to this leech. Even broken clocks get it right twice a day.