Trump’s Budget Proposal Would Kill Loans for EV Projects, Including Lordstown Motors

Car and Driver• ^ | February 10, 2020 | Colin Beresford ,Car and Driver•

[RomanSoldier19]

President Trump's budget would eliminate the Advanced Technology Vehicles Manufacturing Loan Program, an Energy Department initiative to lend money to retool factories and advance the progress of electric-vehicle manufacturing.

[G Larry]

Good!

That's the point of free markets.

If you have a good product at a good price the people will buy it.

[jmacusa]

It’s our money. I don’t see why we’re loaning money to a foreign car company. Aren’t they making a profit?

[Go Gordon]

It’s our money. I don’t see why we’re loaning money to a foreign car company. Aren’t they making a profit?

I agree with you. The government has no business loaning our money to these companies. Remember the $528 million loan to Solyndra? Never paid back and the company went belly up. Did Obama have to repay that loan? Of course not, we the people, took it in the shorts. Somebody got a kickback on that loan - guaranteed.

Remember when Penguin Random House (publishing company) was given a $350 million by Obama to create the Commoncore text. Shortly thereafter, Penguin Random House gave the Obama's a $65 million advance for a book deal. And it was done with a straight face. Disgusting.