Monday, March 12, 2012

$10 Million To Develop $50 Light Bulb

A look inside the Florida factory of LED bulb manufacturer Lighting Science Group, the sort of innovative, "green" company that many would like to keep in the U.S. Washington Post

Obama Spends $10 Million To Develop $50 Light Bulb -- Don Surber

The Obama administration created a $10 million L Prize to award the manufacturer who came up with an affordable and efficient light bulb. One would think the marketplace would take care of that but our federal government no more believes in free enterprise than I believe in global warming. This program began under President Bush.

Ah yes, who knows more about efficiency than the federal government?

Read more

Update: Government-subsidized green light bulb carries costly price tag -- Washington Post

My Comment: There is NO MARKET for a $50 light bulb .... unless (of course) the government mandates it.

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