(1) The executive is moving forward only with executive agency programs that meet its agenda….. And with a new executive, that means a new agenda…Color me shocked!
(2) This is why the private sector should fund R+D based on WACC vs IRR. IRR is the projection of the extent to which the result of the investment will meet consumer demand. The consumers are all of us. If we could get the Fed to stop falsifying Rf and thus WACC, that would be how we achieve real democracy. Consumers vote 24/7 from among all choices.