That doesn’t sound a lot different that Socialism or Communism. At some point the corporations and government merge and we have totalitarianism or statism.
The funding of GM, GE, Solyndra and other boondoggles against tax payer approval is thuggish. It crushes smaller companies and chooses winner and losers while not letting smaller but possibly better companies and products win.
government should have no involvement in the economy IMO, except when it comes to honoring contracts and some basic stuff.
They should never fund any private or non-government organization or corporation ever.