When conservatives talk of "the market", they mean the collective decision of investors. The Obama administration is lending to build electric cars and batteries.
a total of $8 billion in loan commitments, including a whopping $5.9 billion to help Ford retool factories in Kentucky, Michigan [..], Illinois, Missouri and Ohio to produce 13 "more fuel-efficient models." Nissan North America is getting $1.6 billion to retool its Smyrna, Tenn., factory to build electric cars and batteries.
Secretary Chu of DOE blew away a bunch of red-tape to make these investments, but the "professional money managers" of the retirement funds of California public employees were too busy losing money on real-estate speculation,like $500,000,000 for throwing middle class New Yorkers out of their homes, to invest in making electric cars in California.
continued at Daily Kos....
