In effect, Obama passed on doing the toughest part of his job. Instead, having shirked the dirty work, the president prefers to choose which commercial enterprises deserve your tax dollars -- call them the winners who get money for endeavors they wouldn't do on their own dime -- and which businesses deserve only the honor of bankrolling his "jobs of the future" -- call them the losers.
I understand that compared to tackling the growing deficit, it's a lot easier to hand out grants and underwrite subsidies to like-minded venture capitalists, who are happy to soak up taxpayer dollars as they credit you for creating private-sector jobs.
But please, don't call it innovation.
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