Posted by
Whittaker on Saturday, December 06, 2008 5:51:14 PM
I was really ticked off when the lunatics of California voted in favor of Prop 71 in 2004 by 59.0% to 41.0%.
This meant that 5,640,623 voters, egged on by benefactors like Bill Gates (who paid huge amounts of money into the propoganda fund) seemed to think that they had guaranteed themselves a future magical cure that nasty old George W. was denying them.
They got themselves $ 3 billion, have spent $600 M so far, and what have they got to show for it? Zero, nada, zip.
Why didn't Bill invest the money he spent on propoganda, directly in the technology? I guess Bill thought that such an investment was way too speculative. Best to leave that to us mugs in California who have been forced to provide the seed capital. He will come in later, assuming things go his way, provide a second round of funding and clean up.
Pacific Research Institute has a great article on this
As they mention in the article, just think what promising cures and treatments could have been developed if the money had been invested in the private sector. Or perhaps even in adult stem cell research, which is already yielding cures without any ethical issues.
To think that our glorious leader, Obama the great, is about to make the same mistake at a national level. Unethical, expensive and wrong.