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Didn't we try this in the former Soviet Union?
Posted on 07/11/2024 7:57:22 PM PDT by E. Pluribus Unum
The federal government is spending $1.7 billion to modernize automobile manufacturing facilities, helping the industry compete with foreign subsidies and create and protect jobs.
As part of the Automotive Community Benefits Plan, the current administration will extend grants to 11 selected manufacturing plants in eight states, including in Georgia, Michigan, and Pennsylvania, that have temporarily closed or were at risk of closing.
Federal funding, which will come from the Inflation Reduction Act, will be dedicated to retrofitting factories, installing equipment, and bolstering annual production.
Grant capital will also allow these at-risk facilities to convert to manufacturing electric vehicles and related components and a broad range of new-generation cars, such as fuel cell vehicles, hybrid cars, and high-growth vehicle drive trains.
Recipients of grant funding include some of the biggest names in the automotive industry, such as Fiat-Chrysler ($584 million), General Motors ($500 million), Harley Davidson ($89 million), and Volvo ($208.2 million).
These efforts are expected to save 15,000 jobs and create nearly 3,000 new positions, most of which are union jobs, in historic automotive communities.
(Excerpt) Read more at theepochtimes.com ...
Just another huge pool of our money for the DC mafia to loot. Nothing more.
Didn't we try this in the former Soviet Union?
if these are “shovel ready” projects, then it’ll be years, if ever, before anything actually happens, meaning it’ll be years before the locals see any economic benefit ... it doubt this is gonna sway many voters ...
First of all, the Biden administration has no business spending that money for that purpose. Secondly, the auto industry should concentrate on building sensible vehicles that would sell in good quantities without any federal money needed to subsidize them. You know that money will go into some idiotic pie-in-the-sky projects.
This will upset the EV true believers but:
The infrastructure and power grid to support
EV’s just doesn’t exist.
Nor is the demand for them there.
Nor can you charge one in the same time it would take to fill a fuel tank.
They are impractical niche toys for virtue signalling.
10 percent for the big guy, that’s why.
I get to work 2 jobs so Biden can give my tax money to his billionaire donors.
How does Biden have unlimited $ billions to spend when Trump had to fight for years to partially fund the security wall?
Congress approved the so-called “Inflation Reduction Act.”
More than a trillion dollars worth of this greenie weenie crap was part of that horrendous bill, which should have gone down in flames in a so-called Republican controlled House.
As far as I’m concerned this is a morally wrong as student debt forgiveness. The market has spoken. The EV business can’t survive without government subsidies.
Stalin had his tractor replacement plan. Part of his forced plan for the replacement of all individual peasant farms by collective ones.
Yes, this.
No one wants them, you old reprobate.
Yep. It’s the only thing they’re good at.
You pukes are gonna drive battery cars come hell or high water! Got it? Comrades!? Got it!?
Vote buying with tax dollars. Pure and simple. Disgusting. US car makers should have been left to go out of business with all their bailouts. I’ll buy Japanese or Korean. Screw the US autowelfarequeens.
Kia added an EV shop in West Point, Ga. I think 200 jobs.
Rivian is dying on the vine. Thank the Lord. They suspended further construction on the corrupt land deal in Morgan County. Pritker gave them close to $900million to expand in Illinois, where they have a facility. And they come up short every year turning out their POS vehicles.
So, if money is coming to Georgia I guess it’s going right into some bank accounts.
“These efforts are expected to save 15,000 jobs and create nearly 3,000 new positions”
ONly about a million bucks a job. What a bargain. Where do i sign up for corporate welfare to get a million bucks to create a make work job.
Ahhh, that’s why the union endorsed him despite the leader’s opinion of Biden. Should be a campaign violation, using taxpayer dollars for vote-buying.
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