Illinois Governor Pritzker Doubles-Down With $827 Million Taxpayer Handout To Troubled EV-Maker Rivian

Wirepoints ^ | 05/05/2024 | Mark Glennon

[thinden]

Solyndra 2.0?

[Freest Republican]

Rivian is backed by the wealthy as can be Saudis, one of whom took down $11billion on the IPO.

[rktman]

Well, folks are lining up for them right? No?

[Mount Athos]

Money that could actually help citizens is flushed instead

[Prince of Space]

Makes you wonder how much Pritzker will make from this deal.

[Libloather]

However, its starting price is expected to be about $45,000

[Bernard]

The governor's family made its original fortune by buying scorched earth after the Chicago Fire in 1871 and then reselling it at a higher price. Now how did the buyer know that land would suddenly be worth a lot more?

Not all of the carpetbaggers went South.

And look up Jennifer Prtizker, the governor's cousin. It lives in Kentucky, last I heard.

The whole Pritzker clan is a collection of thieves and perverts. JB is the one who went into politics.

[Machavelli]

This whole “Green Movement” is based on bullshit. It is being used to bankroll the wealthy and make everyone else destitute.

[vpintheak]

I’ll take “Who has money invested in Rivian, for 827 million, Alex.”

[quantim]

Forgot many governors from IL went to prison, add another one for money laundering. But just a guess...

[mewzilla]

If folks think this is bad, you should see what’s going on in NYS...

[Steven Tyler]

This is the failed Soviet model.

Gubmint invests in the manufacturing of stuff folks do not want.
Gubmint hammers the production of stuff people actually want to buy, creating shortages.
Misery increases and spreads throughout the land
Folks turn to alcohol, or fentanly, to cope

[PittsburghAfterDark]

I saw a Rivian SUV this weekend I was perplexed by the stupidity of paying that much for a company’s vehicle that will cease to exist before it’s paid for. Hell, I don’t even know where they got it.

[Fresh Wind]

[mewzilla]

Amazon bought at least 10,000 of them for use as delivery vans.

Bet the fleet sale was subsidized.

[Fresh Wind]

And look up Jennifer Pritzker...

It was worse than I could have imagined.

[Captain Peter Blood]

That money is probably coming out of the State Pension fund and straight down the drain. They could be putting that in energy stocks, etc., and get growth and dividends but no they have to invest politically.

[Fresh Wind]

"In August 2013, Pritzker released a statement to employees at Tawani Enterprises and the Pritzker Military Library that subsequently received wide media coverage, indicating the change from "J. N." to "Jennifer Natalya" to reflect her status as a transgender woman, making her the first and only openly transgender billionaire."

/facepalm

[mewzilla]

From 2022...

Unproven EV Builder Rivian Receives the Largest Auto Subsidy Package in U.S. History May 3, 2022 Watchdog says a generation of Georgia residents will pay higher taxes and suffer under-resourced public services