Usa grants

An article on Usa grants

The net result is to enrich Big Oil, and impoverish the rest of us. It was many years of failed oversight that is resulting in the wreckage that is now called GM.. After all, it’s our money, and GM is in no condition to bargain.The Treasury has now agreed to hand our money over to General Motors’ (GM) former financingTa usa grants
xpayer money thus being used to finance GM gas-guzzlers for poor credit risks .This would not cost us a penny, it would just take our regulators doing the job they are paid to do, instead of taking bribes and emoluments from the auto companies they are supposed to be supervising. GM is using part of the money for no-interest loans on foreign SAAB cars, and taking price reductions to finance purchasers of Big Iron that traps them into years of inefficient driving.Where are the so-called “conservative principles” that blocked higher MPG standards, that refused to regulate GM when it was failing to keep up with the competition? Now that GM is on life-support due to malfeasance and incompetence, these same folks now want to use our money to buy the debt of a wrecked corporation.Instead, we need the government to just put conditions on all auto makers: if they want to do business in the USA, they must offer a plug-in all-electric EV such as the Toyota RAV4-EV, last sold in Nov. Only by cutting prices and offering financingA smarter Administration would have put conditions on the cash handed to GM: no bailout without plug-in cars, and no money to finance gas-guzzlers.The same folks who complain about “hidden taxes” that support Electric cars and hybrids have no qualms about our Treasury buying stock in GMAC, secured only by hordes of past bad loans on gas-guzzlers of declining value.Agreeing to purchase GMAC’s debt puts us in the position of validating and paying for years of GM’s losing money on selling