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 ...
They ain’t called “THE RATS” for nothing...
Winston Churchill, Perth, May 28, 1948.
Biden snake oil. As long as we have voters dumb enough to vote or cheat for this it will keep happening.
Am VERY TIRED of supporting UNIONS, also.
“Inflation Reduction” Act passed by elected congresscritters in both parties.
*
I have read the US constitution from cover to cover and can't find a single reference to the fed/gov being authorized to expend taxpayer funds to private companies other than to buy goods or services.
If its not an inherently governmental operation expending tax funds on it is illegal.
There is simply nothing out there that gives the fed/gov authority to do this or hundreds of other things they do every day.
If only we had a real opposition party.
“Sounds like national socialism to me.”
I was trying to remember if fascism is corporate control of government or government control of corporations?
They’re screwing with agriculture as well. It will end poorly. Hopefully millions don’t starve as a result, but it is not out of the realm of possibility.
He is paying china to make batteries if not the whole car
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.