DOGE will scrutinize $6.6 billion Biden loan to Tesla rival Rivian

7,129 Views | 77 Replies | Last: 1 yr ago by Ghost of Andrew Eaton
infinity ag
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backintexas2013 said:

They shouldn't be getting a loan. Our government shouldn't bail out companies just like they shouldn't bail out individuals.
infinity ag
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geoag58 said:

infinity ag said:

I want to hear from those champions of capitalism here.

Why is the Govt giving corporate entities loans? Are the banks dead?

If you cannot explain this, then stop talking about how a corporation's job is to make money for the shareholder and nothing else. Corps are sleazy and want privileges and no responsibility. Rivian should be allowed to die if they cannot figure out their strategy. I am sure 'x' % of the loan went into the pockets of the slimy execs running Rivian as "reward" for getting them the loan.


I found one defending nationalist socialist policies:

"The key point is that Corporations do not exist only for shareholders. They exist for taxpayers and nation building too. If they can get such benefits from tax payers, we can also look upon them to be good citizens and help the country out looking beyond mere dollars and cents. Long term relationship building is important, why would anyone cut any slack to selfish people who are always in for themselves instead of collective good?"

Wait, it's you!


"nationalist", "socialist", whatever. Try your blasphemy laws on someone else.
More throwing of buzzwords with no usage of intellect.


Try again.
infinity ag
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akm91 said:

Let's not forget, this loan is to help Rivian build the plant that was announced in 2021!!!!!!!!!

Hmm that makes it even worse! More lining of exec pockets.
BoydCrowder13
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Bad look to start out. Especially if Tesla received similar loans in the past.
txwxman
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Geminiv said:

ReturnOfTheAg said:

RafterAg223 said:

Are you really a true industry rival when it's basically a coin flip on whether you'll still be operating in the next 18 months?


Regardless, I don't think DOGE was created to go after competitors of Tesla.

It was made to audit the government, trim fat and reduce the deficit by eliminating inefficiencies.

It's one thing if Tesla/Musk appealed for someone to look into the loan. It's another to use HIS new government entity to outright challenge it.

This just seems straight up corrupt.


Are you attempting to associate Donald Trump with corrupt business practices?

Donald Trump runs all his businesses squeaky clean. I dare you challenge such a great man. If only I could live my life as perfectly. There will be a book added to the Bible when trump is done making this a Christian nation.
Shoefly!
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ReturnOfTheAg said:

captkirk said:

ReturnOfTheAg said:

It seems highly controversial that Elon can challenge an industry rival through a government entity.
He's challenging the Biden DOE


Regarding an industry rival.

There are far, far more important things to tackle. This seems extremely self-serving use of DOGE. No matter how you shake it.

Good Lord, like the last 4 years haven't been self serving? Get the hell out of here Troll!
ReturnOfTheAg
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Shoefly! said:

ReturnOfTheAg said:

captkirk said:

ReturnOfTheAg said:

It seems highly controversial that Elon can challenge an industry rival through a government entity.
He's challenging the Biden DOE


Regarding an industry rival.

There are far, far more important things to tackle. This seems extremely self-serving use of DOGE. No matter how you shake it.

Good Lord, like the last 4 years haven't been self serving? Get the hell out of here Troll!


Not sure what you're so worked up about.
Dan Scott
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There's a publicly traded graphite company in Alabama I'd love to get government money
Shoefly!
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ReturnOfTheAg said:

Shoefly! said:

ReturnOfTheAg said:

captkirk said:

ReturnOfTheAg said:

It seems highly controversial that Elon can challenge an industry rival through a government entity.
He's challenging the Biden DOE


Regarding an industry rival.

There are far, far more important things to tackle. This seems extremely self-serving use of DOGE. No matter how you shake it.

Good Lord, like the last 4 years haven't been self serving? Get the hell out of here Troll!


Not sure what you're so worked up about.

Sorry, BTHO sips instead!
Aggie Jurist
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Quote:

Regarding an industry rival.

There are far, far more important things to tackle. This seems extremely self-serving use of DOGE. No matter how you shake it.
I couldn't care less about the optics of 'who' is doing the review - all I care is that it's done, and reversed if possible. This is just the latest Solyndra. I want them cutting with a machete - as fast as humanly possible.
Logos Stick
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ReturnOfTheAg said:

It seems highly controversial that Elon can challenge an industry rival through a government entity.


Not really. I think Elon is capable of being completely fair. He's proven himself in that regard.
buzzardb267
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May be as simple as the favorite government Christmas gifts..."use it or lose it"! Just happens to be a recipient that could help the dems and the unions....
Bob Knights Liver
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ReturnOfTheAg said:

It seems highly controversial that Elon can challenge an industry rival through a government entity.

He can submit advice but has no official authority to make decisions. So if Elon DID decide to use his position as a friend of the administration for his benefit and against the benefit of taxpayers, he would be doing the same thing that RIVIAN and Biden administration just did. So worst case he ends up being on par with actions of the Democrats.
Jeeper79
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Meh… state, local and federal governments have been giving money to private companies for this sort of thing since the beginning of time. Free land, tax exemptions, etc. You can argue whether or not they shortest as a blanket, but I don't see how you can single one out and this is the one that is disallowed.
ts5641
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That was a big middle finger to Musk. Nothing else.
ts5641
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Bob Knights Paper Hands said:

ReturnOfTheAg said:

It seems highly controversial that Elon can challenge an industry rival through a government entity.

He can submit advice but has no official authority to make decisions. So if Elon DID decide to use his position as a friend of the administration for his benefit and against the benefit of taxpayers, he would be doing the same thing that RIVIAN and Biden administration just did. So worst case he ends up being on par with actions of the Democrats.
All he has to do is recuse himself from that decision and allow Vivek and others to do the right thing.
one safe place
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ReturnOfTheAg said:

captkirk said:

ReturnOfTheAg said:

It seems highly controversial that Elon can challenge an industry rival through a government entity.
He's challenging the Biden DOE


Regarding an industry rival.

There are far, far more important things to tackle. This seems extremely self-serving use of DOGE. No matter how you shake it.
An industry rival makes no difference unless there are made up charges like the dems have done with Trump. Then it is abusive. As far as more important things to tackle, Google "multi-tasking." It isn't as if they can do only one thing at a time.
one safe place
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You know it is the right decision when you look at who is goaltending on this issue.
No Spin Ag
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AggieVictor10 said:

ReturnOfTheAg said:

It seems highly controversial that Elon can challenge an industry rival through a government entity.


They started it.
How did Rivian start it?

What did they do, aside from being a direct competitor to Elon's Tesla?
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
No Spin Ag
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Bob Knights Paper Hands said:

ReturnOfTheAg said:

It seems highly controversial that Elon can challenge an industry rival through a government entity.

He can submit advice but has no official authority to make decisions. So if Elon DID decide to use his position as a friend of the administration for his benefit and against the benefit of taxpayers, he would be doing the same thing that RIVIAN and Biden administration just did. So worst case he ends up being on par with actions of the Democrats.
How did Rivian's CEO use Biden to go after Tesla?
There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
American Hardwood
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Bayou City said:

Terrible first step and optics. We don't need this **** right from the start. Talk about making it easy for the media to wrote a narrativa that suites them… Not saying it shouldnt be looked at but this just stinks of BS any way you slice it regardless of political affiliation.



Man are you clutching pearls already? Just wait until DOGE really gets going. Do you actually think the media ISN'T going to wage a non-stop campaign to paint Elon and Vivek as literally Hitler at every single step they take?

This is nothing, you haven't seen anything yet. Stop being such a nancy and getting your nickers in a bind over "optics".
The best way to keep evil men from wielding great power is to not create great power in the first place.
infinity ag
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Jeeper79 said:

Meh… state, local and federal governments have been giving money to private companies for this sort of thing since the beginning of time. Free land, tax exemptions, etc. You can argue whether or not they shortest as a blanket, but I don't see how you can single one out and this is the one that is disallowed.

Exactly. So no one should ever say "companies exist to maximize for shareholder value and can do whatever they want". Companies beg tax payers for money when they want and get it. So they have a responsibility to society, not just shareholders. That is my point.

Companies cannot be hypocritical. On one side say they care about only shareholders and not the community they exist in and threaten and blackmail to get the best deal. Then when things go south, they get on their knees and beg for bailouts and loans from the same community (taxpayer).
No Spin Ag
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infinity ag said:

Jeeper79 said:

Meh… state, local and federal governments have been giving money to private companies for this sort of thing since the beginning of time. Free land, tax exemptions, etc. You can argue whether or not they shortest as a blanket, but I don't see how you can single one out and this is the one that is disallowed.

Exactly. So no one should ever say "companies exist to maximize for shareholder value and can do whatever they want". Companies beg tax payers for money when they want and get it. So they have a responsibility to society, not just shareholders. That is my point.

Companies cannot be hypocritical. On one side say they care about only shareholders and not the community they exist in and threaten and blackmail to get the best deal. Then when things go south, they get on their knees and beg for bailouts and loans from the same community (taxpayer).

There's always a tweet:

Quote:


"When Elon Musk came to the White House asking me for help on all of his many subsidized projects, whether it's electric cars that don't drive long enough, driverless cars that crash, or rocketships to nowhere, without which subsidies he'd be worthless, and telling me how he was a big Trump fan and Republican, I could have said, 'drop to your knees and beg,' and he would have done it," the 45th commander-in-chief claimed.

There are in fact two things, science and opinion; the former begets knowledge, the later ignorance. Hippocrates
Jeeper79
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infinity ag said:

Jeeper79 said:

Meh… state, local and federal governments have been giving money to private companies for this sort of thing since the beginning of time. Free land, tax exemptions, etc. You can argue whether or not they shortest as a blanket, but I don't see how you can single one out and this is the one that is disallowed.

Exactly. So no one should ever say "companies exist to maximize for shareholder value and can do whatever they want". Companies beg tax payers for money when they want and get it. So they have a responsibility to society, not just shareholders. That is my point.

Companies cannot be hypocritical. On one side say they care about only shareholders and not the community they exist in and threaten and blackmail to get the best deal. Then when things go south, they get on their knees and beg for bailouts and loans from the same community (taxpayer).
Terrible take. Claiming freebies IS maximizing shareholder value. Government/municipalities do it because it boosts employment. It's a win/win.

You sound like a millennial redditor.
Ed Harley
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Elon loves himself some government tit. He can't let someone else get some, too.
infinity ag
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Jeeper79 said:

infinity ag said:

Jeeper79 said:

Meh… state, local and federal governments have been giving money to private companies for this sort of thing since the beginning of time. Free land, tax exemptions, etc. You can argue whether or not they shortest as a blanket, but I don't see how you can single one out and this is the one that is disallowed.

Exactly. So no one should ever say "companies exist to maximize for shareholder value and can do whatever they want". Companies beg tax payers for money when they want and get it. So they have a responsibility to society, not just shareholders. That is my point.

Companies cannot be hypocritical. On one side say they care about only shareholders and not the community they exist in and threaten and blackmail to get the best deal. Then when things go south, they get on their knees and beg for bailouts and loans from the same community (taxpayer).
Terrible take. Claiming freebies IS maximizing shareholder value. Government/municipalities do it because it boosts employment. It's a win/win.

You sound like a millennial redditor.
Height of hypocrisy and convoluted logic. How old are you?
Lick more boots, you will won't be CEO. You will still die poor.

How did someone so naive and clueless get a degree from A&M?

backintexas2013
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Wow that escalated quickly. You seem to be so jealous of the successful. It's pretty scary.
WestAustinAg
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Robins is a joke. People who drive them are driving them are attention hoors that decided that even a decent EV wasn't vainglorious enough.
WestAustinAg
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Ed Harley said:

Elon loves himself some government tit. He can't let someone else get some, too.

He has called for the elimination of tax reimbursements for all cars. And he never needed them though they went to customers back when the govt liked him.
Build It
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DOGE has no power and only makes recommendations. Musk can't do anything but send a report.
Ed Harley
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WestAustinAg said:

Ed Harley said:

Elon loves himself some government tit. He can't let someone else get some, too.

He has called for the elimination of tax reimbursements for all cars. And he never needed them though they went to customers back when the govt liked him.

How much does SpaceX get?
Decay
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Ed Harley said:

WestAustinAg said:

Ed Harley said:

Elon loves himself some government tit. He can't let someone else get some, too.

He has called for the elimination of tax reimbursements for all cars. And he never needed them though they went to customers back when the govt liked him.

How much does SpaceX get?
For commercial contracts? Or subsidies?
MGS
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Ed Harley said:

WestAustinAg said:

Ed Harley said:

Elon loves himself some government tit. He can't let someone else get some, too.

He has called for the elimination of tax reimbursements for all cars. And he never needed them though they went to customers back when the govt liked him.

How much does SpaceX get?
I'm pretty sure they don't sell cars.
akm91
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They did put a Tesla into space
Ghost of Andrew Eaton
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Elon and anyone associated with Elon better have nothing to do with this investigation. If he does and they take action against Rivian, we've allowed Trump to do what Libs thought he was going to do.

If you say you hate the state of politics in this nation and you don't get involved in it, you obviously don't hate the state of politics in this nation.
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