Corrupt government kickbacks.
Ronald Reagan
I think we are in the “stops moving” phase on most green nonsense.
I ain't stupid.
But apparently many,many,many people in our GOBMENT are real STUPID...and have been for decades.
When is this going to stop....OR will it ever stop? OR..is that our GOBMENT is totally COURRUPT?
Wait I know the answer.
Power corrupts..and absolute power corrupts..absolutly. I believe a fellow by the name of Lord Acton said that....
He was right.
Disaster......
Companies with government loans going under is a feature, not a bug. The people who own the company make far more money from going under than they would if the company succeeded. If they back-door ten cents on the dollar to their favorite party or politician, it’s still 100% profit for them.
If you look at battery companies, what happens is they develop and manufacture a product for which there is too little market. This is the problem with everything the government gets involved in. Assuming that electric cars were the future (They’re not) the capacity to absorb batteries would need to develop along with the market instead of beating the market. That’s because you need to sell enough product to stay alive and not flood the small present market with too many batteries and drive down the price below the cost.
A $6.5 trillion budget creates many opportunities for crooks and communists.
"The rise and fall of Proterra demonstrates once again that politicians should refrain from betting taxpayers’ money [??? emphasis added] on business ventures to advance their political agenda."
FR: Never Accept the Premise of Your Opponent’s Argument
In stark contrast to "betting taxpayers' money," I think Helen Raleigh may be overlooking that desperate federal Democrats and RINOs possibly used Proterra to funnel unconstitutional federal taxes into the pockets of elite Democrats and their friends.
Proterra Bus Fire Prompts California Agency to Consider Shelving Electric Bus Fleet (7.23.21)
Philadelphia's [Proterra] electric bus fleet has disappeared (7.17.21)
In other words, patriots need to elect a new Congress that will support hopeful Trump 47 in putting a stop to federal Democratic and RINO junk science remedies for government / industrial-manufactured crises.
In the meanwhile, Democratic and Republican Trump-supporting patriots need to primary ALL incumbent federal lawmakers up for reelection in 2024, except for MTG, Gaetz & Company, Jordan (and others?), replacing them with patriot lawmakers who will actually do their constitutionally enumerated duty to provide accurate, constitutionally justifiable federal spending receipts to the public.
"Article I, Section 9, Clause 7: No Money shall be drawn from the Treasury, but in Consequence of Appropriations made by Law; and a regular Statement and Account of the Receipts and Expenditures of all public Money shall be published from time to time [emphasis added]."
Feature not a bug from the Griftocrat party.
Although politicians have a poor record of picking business winners, don’t expect them to learn lessons from their spectacular financial failures. Ryan Yonk, a Research Fellow at the Independent Institute, observed that “support for renewable energy has reached the status of a moral imperative, and more importantly, a political imperative that elected officials must engage.”
That means American taxpayers will see more Solyndra and Proterra in the future and continue footing the bill for “green-washing” Democrats’ failed climate policies.
I prepared a tax return for an organic chicken business. Cost of Goods was much greater than sales of good, very obvious on the tax return. But the business showed a profit ONLY because of grants. But investors bought it because it was showing a profit.
The legislative Build Back Better 5 trillion dollar spendfest scheme was stillborn in Congress and so, it was reborn as the Inflation Reduction 1.1 trillion green spendfest scheme so Joe Manchin and others could use the fake name to sign on to it while making believe to their constituents they were fighting inflation. Nothing got built back better and Bidinflation was not reduced but the Solyndras of the world are getting a second life in a green spendfest that in reality is the Bring Back Cronyism Act
Everything the Biden Administration touches goes Solyndra the crew is looking for more academic charts.
Author Ms. Raleigh was doing fine discussing the politics of green-washing, but she should clearly stay away from the technical aspects of EVs.
It’s baked into the scheme, just like Solyndra.
Steal billions of taxpayer dollars, award them to shell companies formed by your donors and yourself, spend 20% of it on some peripheral hardware, to create the illusion you’re doing something, go bankrupt and pocket the dough.
It works every time.
This is a textbook case of classical fascism … and it’s been going on for far longer than the Biden clown show.
This winter should be interesting for the green car crowd. Many have been purchased during the warm months, lets see bow they perform when it gets cold!⚡️⚡️💥
More specifically, Biden announced the "Finalized $535 Million Loan Guarantee for Solyndra Solyndra." He oversaw the whole scam.
https://obamawhitehouse.archives.gov/the-press-office/vice-president-biden-announces-finalized-535-million-loan-guarantee-solyndra
https://www.washingtonpost.com/politics/white-house-pushed-500-million-loan-to-solar-company-now-under-investigation/2011/09/13/gIQAr3WbQK_story.html
p