When Barack Obama tours a factory these days, it’s usually because it makes one of four things: solar panels, biofuels, wind turbines or batteries for electric cars. So, it was no surprise on Thursday when the President showed up at a former jet-engine repair shop in Kansas City, Mo., that has been transformed into a plant that makes electric delivery trucks, thanks to a grant from the Obama administration’s $860-billion (U.S.) stimulus package.
After he praised the factory’s 50 workers for “building the economy of America’s future,” Mr. Obama reminded them that, owing to his administration, the U.S. share of global battery manufacturing capacity for electric and hybrid vehicles will go from 2 per cent to 40 per cent by 2015.
This is state capitalism, Obama-style. His is a vision of a virtuous clean-energy economy nurtured by government. It is benevolent, ordered and seemingly devoid of egos, obvious wealth or crude self-interest.
For more: Obama’s ‘we’ philosophy collides with capitalism’s ‘me’ ideology - The Globe and Mail
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