On Monday, The American Thinker posted an article about Gareth Joyce, the CEO of Proterra, a company that manufactured rechargeable buses. The company has received more than $8 billion in seed money given to it by the federal government. The company declared bankruptcy this summer.

The article reports:

Joyce sits on what is known as the ITA, or the International Trade Administration, and according to a Washington Examiner report out today on the matter:

Under the International Trade Administration, the group ‘advises the President of government policies and programs that affect U.S. trade performance; promotes export expansion; and provides a forum for discussing and resolving trade-related problems among the business, industrial, agricultural, labor, and government sectors.’

If someone received billions of dollars, and still can’t keep a company afloat, then clearly their idea is terrible, or they blow at running a business—or realistically, probably both.

The article concludes:

Furthermore, Proterra’s demise specifically presents like Solyndra under Barack Obama—for more on this, read a blog I wrote on the issue a few weeks back here.

Yet, thanks to a criminal and unconstitutional tax code, and corrupt politicians, I have no say whatsoever in who my seized wealth subsidizes. This is the modus operandi of the Establishment though—Jackass and Elephant alike— running political popularity contests while we foot the bill.

Would you be surprised to learn that Proterra was once recognized by the World Economic Forum as a “Technology Pioneer”? I didn’t think so.

Our government has been hijacked by anti-American interests and foreign operatives keen to sabotage the economic prosperity of America first… which is exactly why Joyce still has a place in Biden’s regime.

If failure gets you promoted, what is the incentive to succeed?