Energy loan guarantees are not a "normal" federal lending program

Defenders of Title 17 energy loan guarantee programs periodically point to the many other areas of the economy in which the government makes direct loans or guarantees.  They use the other programs as evidence for two main points: that the government is experienced and skilled in leveraging public credit to support private activities; and that what is being attempted in the energy sector is no different from what lots of other industries already get.  A recent commentary by Mark Muro and Jonathan Rothwell

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