idaholover wrote:
If you wait awhile Obama will subsidize it with other peoples money, the company will file BK and/or move to China! Another option would be to nationalize it and give it to the UAW two weeks before the election! Regardless the owner will retire wealthy and support liberal causes!
Or you could consider the facts. Tesla received a LOAN in 2010 that required them to raise matching capital to the loan. The loan was awarded as part of a program created by a law signed by President BUSH. Tesla repaid the entire loan with interest in 2013, nine years early. How socialistic.
So much for the Obama subsidy.
Maybe you'd like to link the Solyndra bankruptcy into your short screed. Again, the Solyndra loan was part of a Bush program but the loan was approved by the Obama administration. The company went bankrupt when the cost of solar panels manufactured in China plummeted due to the Chinese government providing big subsidies to solar panel manufacturers there. But it was reported as a Obama socialistic disaster.
Perhaps the loan shouldn't have been made after the Obama administration looked into the crystal ball and saw what the Chinese government was planning. The program isn't perfect, but in aggregate it has been a success. Thank you President Bush.
If you're against government subsidies, then I guess you're against all $200-$300 billion of them (total of federal, state and local governments). After all, that is all other peoples' money. We can probably agree that established companies, the Du Ponts, Verizons, AT&T, and countless other across industries shouldn't be receiving government support. But they do, lots more than Tesla, Solyndra, etc.
Of course, without government help to develop new technologies over the past decades, we'd be even farther behind other countries then we are now.
China understands that the government has to spend a lot of money to get its technology to world leadership class. If you don't think China would love to have Tesla then you're delusional. So good idea, make the United States a third-rate power so you can get another couple of bucks back on your taxes.