FishOnOne
The Great State of Texas
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Joined: 02/12/2011
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This is just crazy stuff right here. I suppose the utility companies will be receiving their bailout loans soon to build green power generator plants? The cart is ahead of horse as usual.
Link
'12 Ford Super Duty FX4 ELD CC 6.7 PSD 400HP 800ft/lbs "270k Miles"
'16 Sprinter 319MKS "Wide Body"
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bgum
South Louisiana
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Joined: 02/22/2006
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That is the second one in the very recent past.
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stickdog
Somewhere, USA
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Joined: 01/27/2002
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An evil mix government and business.
9-11 WE WILL NEVER FORGET!
FULLTIME SINCE 2010
17 DRV MS 36rssb3
17 F350 King Ranch CC DRW 4x4 6.7 4:10 B&W hitch
John
“A good traveler has no fixed plans, and is not intent on arriving.” Lao Tzu
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BB_TX
McKinney, Texas
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Joined: 04/04/2005
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Lot of difference between a loan to a financially stable and viable company and giving money to one that is not.
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blt2ski
Kirkland, Wa
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Joined: 03/15/2001
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I see more positives than negatives to this loan. The chance that their is private money per say to do this is reasonably slim. Loans like this happen frequently in other countries.
Not saying one should or should not agree. Personally I feel this is a good thing.
Marty
92 Navistar dump truck, 7.3L 7 sp, 4.33 gears with a Detroit no spin
2014 Chevy 1500 Dual cab 4x4
92 Red-e-haul 12K equipment trailer
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stickdog
Somewhere, USA
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Joined: 01/27/2002
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blt2ski wrote:I see more positives than negatives to this loan. The chance that their is private money per say to do this is reasonably slim. Loans like this happen frequently in other countries.
Not saying one should or should not agree. Personally I feel this is a good thing.
Marty
Yes who would like to invest their own money when the they can get it from the unsuspecting public that a "public servant" can sign away'
" In 2009, the Obama administration co-signed $535 million loans to Solyndra. The company filed for bankruptcy on September 1, 2011."
Nothing to worry about here, look the other way.
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ferndaleflyer
everywhere
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Joined: 03/31/2011
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Wake up America----as I type this Tesla is building a battery plant right here in North Carolina. There is also a Vietnamese auto manufacturer building a plant for electric cars only here near my home that has been said to be the biggest construction project in the country.
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Bionic Man
USA
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Joined: 04/03/2009
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Unfathomable amounts of $. There is no way to avoid the current “green” agenda.
2012 RAM 3500 Laramie Longhorn DRW CC 4x4 Max Tow, Cummins HO, 60 gallon RDS aux fuel tank, Reese 18k Elite hitch
2003 Dodge Ram 3500 QC SB 4x4 Cummins HO NV5600 with Smarty JR, Jacobs EB (sold)
2002 Gulf Stream Sea Hawk 29FRB with Honda EV6010
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NamMedevac 70
Reno
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Joined: 11/09/2020
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The entire auto industry is living on constant repeated bailouts and subsidies now for many years if not decades. The title Corporate Titan is disgusting sick joke to many but they are experts for sucking up taxpayer dollars. See you at the rodeo. Rolling, rolling, rolling.
* This post was
edited 06/25/23 01:13pm by NamMedevac 70 *
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StonedPanther
Goshen IN
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Joined: 06/11/2023
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BB_TX wrote:Lot of difference between a loan to a financially stable and viable company and giving money to one that is not.
Sure is LOL
blt2ski wrote:I see more positives than negatives to this loan. The chance that their is private money per say to do this is reasonably slim. Loans like this happen frequently in other countries.
Not saying one should or should not agree. Personally I feel this is a good thing.
Marty
Yes, plenty of positives. There is also plenty of positives to handing out 400 billion to pay towards peoples student loans. Loans that folks agreed to pay back when they signed on the line in order to attend classes such as "Lady Gaga and the Sociology of Fame" or "The Art of Walking"
Heres some more positives.
Chrysler built a huge factory in western PA in the late 60's/70's. The government stepped in with "help". Tax breaks, new highways, etc. The economy tanked in the early 70's and it never opened after all the taxpayer money was spent.
In the 80's Volkswagon moved in that plant with government help. 10 years of tax breaks, etc. They built the Rabbit there. 10 years later the tax breaks ended, Volkswagon moved back to Germany. At least the taxpayer did not put money out on the front end LOL.
Then along came Sony and moved into that plant. The same type of government deal. 10 years almost to the day and the tax breaks ran out, Sony closed down and moved those operations back to Japan.
Right down the road Phillips built a new factory with government help about 10 years ago. Its closing down June 30th, jobs moved to Mexico.
The Government has never generated so much as one cent of income.
Plenty of positives indeed.
* This post was
edited 06/25/23 01:45pm by StonedPanther *
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