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Biden administration to loan $6.6B to EV maker Rivian to build Georgia factory that automaker paused (apnews.com)

submitted 2 weeks ago by [email protected] to c/[email protected]

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[–] [email protected] 0 points 2 weeks ago (4 children)

Corporate welfare aka state aid...

These parasites won't wont ever stop. Can provide basic services to the pedons but always got cash to give out for vanity projects.

Nobody fucking asked for 50k EV...

People need cheap cars but nobody makes these any more and feds won't let Chinese imports that can fill that gap either.

Fuck u pleb, eat shit 🐸

Kinda reminds of housing, you either buy this daddy sanctioned house or be homeless becusse living in a shed for examle is not code 🤡

[–] hydrashok 6 points 2 weeks ago* (last edited 2 weeks ago) (3 children)

Funny that you don’t mention corporate welfare to oil and gas companies.

An EV and an ICE car are now, with the tax credit, virtually the same price because of these projects. Many EVs are cheaper than the average new ICE car.

These spends are an investment to develop technology that can then be mass produced cheaply. And just like some investments, they can go bad. That doesn’t mean they all are, though.

Chinese imports are a strawman. It’s like yelling about why the OLED LG TV is $2000 when you could buy a HiSense LED TV for $250. You’re not comparing the same quality level of product.

[–] [email protected] -3 points 2 weeks ago (2 children)

The article is about Rivian lol

Fuck oil majors tho...

Chinese imports are a strawman. It’s like yelling about why the OLED LG TV is $2000 when you could buy a HiSense LED TV for $250. You’re not comparing the same quality level of product.

Sure thing 🤡

[–] hydrashok 3 points 2 weeks ago (1 children)

Yes, it is about Rivian. It’s also about the US investing in on-shore manufacturing jobs, skills, and knowledge through Rivian.

[–] [email protected] -3 points 2 weeks ago

Providing state aid is not investment
Investment is business of private capital
Benefit to the border public is at best "jobs"

Fixing the tax code could ie remove incentives for offshoring would also work to bring back manufacturing jobs or tariffs but no... Broke pedons have to pay for some rich mans CapEx so big the tech wage slaves can afford their 50k electric truck 🤡

Your clown logic is why we live in this dystopia

Brain dead corpo welfare queens are disgusting but you LARP with serious bravado as if reading from a PR release;)