I posted the other day about the federal government giving $10 million of our tax dollars to a private company for developing an “affordable” light bulb that costs $50.
Now, thanks to the pen of Alexander Hoffman (creator of this gem), we have an excellent cartoon to commemorate this achievement.
Since we’re on this topic, I want to atone for an admission in my previous post (as noted by Seth, Bill, Dan, and Talon’s Point).
If you believe the calculations cited in the article from the post, it’s possible that this light bulb might save money in the long run. I should have noted that there are two possible interpretations of that data.
Since we’re on this topic, I want to atone for an admission in my previous post (as noted by Seth, Bill, Dan, and Talon’s Point).
If you believe the calculations cited in the article from the post, it’s possible that this light bulb might save money in the long run. I should have noted that there are two possible interpretations of that data.
a) It’s wrong, which is what you’d expect from the crowd that routinely trumpets misleading data on everything from global warming to job creation.
b) It’s right, in which case there’s no need for a $10 million taxpayer handout since consumers will figure out that the bulbs save money.
Which is why, in the absence of war, I’ll relentlessly publicize this poster showing that more government is not the answer.
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