Posted on 12/05/2024 8:39:24 AM PST by RandFan
(CNN) Vivek Ramaswamy, the incoming co-chair of President-elect Donald Trump’s commission to cut government spending, has set his sights on money the Biden administration is dispersing in its final days in office, including a key loan to a rival company of his commission co-chair, Elon Musk.
Last week, the Department of Energy announced a $6.6 billion conditional loan commitment to Rivian, the electric vehicle startup that is a nascent competitor to Tesla, Musk’s $1 trillion car company.
Ramaswamy says that loan and others like it are “high on the list of items” that he will look to claw back once his cost-cutting commission, known as the Department of Government Efficiency, or DOGE, gets going next year.
“Those types of last-minute actions that are taking place in the lame duck merit particularly special scrutiny,” Ramaswamy told CNN.
(Excerpt) Read more at edition.cnn.com ...
Word to Rivian, Ukraine, Student Loan holders, et al - “don’t count on it”.
Elon Must and Vivek Ramaswamy have a huge task ahead of them, I wish them luck.
This will be like Hercules cleaning the Augean stables.
The Tinkers-Evers-Chance of Rivian is, loan retracted, they go down the tubes. Ford ultimately bites the big one due to its over-enthusiastic investment and commitment to electric (including a large stake in Rivian.) Lesson is - Federal Government needs to stay out of technology decisions and let the market sort it out. By placing their thumb on the scales they have led a number of businesses to make poor choices on the balance of evolving technologies.
Cute how the little rats at CNN imply that they are targeting Rivian because they are a Tesla rival.
Not to mention the evaporation of taxpayer dollars used to invest in these companies.
Rene Marsh isn't sorry.
She's an attack dog for the Gaslight Media and its Democrat Party partners, and she's got an attack on Vivek and Elon to execute.
Hopefully, Rene loses her job during the coming cutbacks at CNN Propaganda Network and PMSNBC Garbage People Network.
Leave it to the corrupt idiots at CNN to approach this as Trump favoring his friend Musk’s company rather than the actual truth of fraud and mismanagement by the Biden administration. CNN should not exist. It is a totally compromised company that is not news but leftist/democrat propaganda.
There are a number of Rivians in our town.
Kind of makes you wonder how many people can go out and flush $80k down the drain to buy one.
Are they just toys for people with more money than sense?
Asking because IDK.
This one is a trap. Gov funding a competitor to Tesla and Elon Musk kills it. Smart for Ramaswamy to be the one talking about this, they need to keep this one clean and well documented that Elon’s not involved or the hearings will never end.
What happens to Tesla’s gov’t loans?
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