Taxpayers are on the hook for more than $2.2 billion in expected costs from the federal governments energy loan guarantee programs, according to a new audit Monday that suggests the controversial projects may not pay for themselves, as officials had promised.
"Nearly $1 billion in loans have already defaulted under the Energy Department program, which included the infamous Solyndra stimulus project and dozens of other green technology programs the Obama administration has approved, totaling nearly about $30 billion in taxpayer backing, the Government Accountability Office reported in its audit." Washington Times
Congress?...
I wouldn't blame Tesla for what contractors did.
Aren't you directing your ire at the wrong entity? If you have a bunch of economic idiots making laws that affect the market, do you get mad at the person who takes advantage of the stupid law, or the people who passed the law? Most tax laws distort the allocation of resources...except a Flat Tax (not a Fair Tax). If you had a Flat Tax with no exceptions and no deductions, the allocative effects of the tax are neutral. Indeed, you could file your tax return on a post card.
so basically Tesla is actually a highly photogenic exercise in importing desperate foreigners so that they eventually vote liberal.
Shrewd as hell..!!
Very stealthy..!