LotusTalk - The Lotus Cars Community - View Single Post - Tesla gets government loan assistantance to the tune of $465 million.

lotusforsale · 06-25-2009, 07:37 AM

Why grant this unsecured loan...which has a VERY long shot of being repaid at any level, to an unproven entity?

Why not treat this money as venture capital? Why not solicit proposals, large and small, from innovators to create practical technology for a fossil fuel-independent car?

Why does our government HAVE to rush this and just hand this money to an entity that has in no way demonstrated either the technological ability or business savvy to pull this off?

Didn't our government learn anything from past examples, such as Haliburton, in simply forking over ungodly sums of taxpayer money to an entity perceived to be the only game in town?

For crying out loud: HAD to have stimulus package RIGHT NOW. HAD to bail out the automakers RIGHT NOW. HAD to bail out banks RIGHT NOW. HAVE to get healthcare reform RIGHT NOW. Today, the breaking news is that the current administration is insisting on immigration reform RIGHT NOW.

We're going down a path that is new territory, and from which, if things collapse, there will be no return.

Current leadership will either be recognized in the future as a visionary, transformational leader OR the steward of the total collapse of our society and culture.

06-25-2009, 07:37 AM	#56 (permalink)
lotusforsale Registered User Join Date: Nov 2007 Location: Maryland Posts: 2,224 Images: 8	Why grant this unsecured loan...which has a VERY long shot of being repaid at any level, to an unproven entity? Why not treat this money as venture capital? Why not solicit proposals, large and small, from innovators to create practical technology for a fossil fuel-independent car? Why does our government HAVE to rush this and just hand this money to an entity that has in no way demonstrated either the technological ability or business savvy to pull this off? Didn't our government learn anything from past examples, such as Haliburton, in simply forking over ungodly sums of taxpayer money to an entity perceived to be the only game in town? For crying out loud: HAD to have stimulus package RIGHT NOW. HAD to bail out the automakers RIGHT NOW. HAD to bail out banks RIGHT NOW. HAVE to get healthcare reform RIGHT NOW. Today, the breaking news is that the current administration is insisting on immigration reform RIGHT NOW. We're going down a path that is new territory, and from which, if things collapse, there will be no return. Current leadership will either be recognized in the future as a visionary, transformational leader OR the steward of the total collapse of our society and culture.