I thought the Japanese government helped fund Toyota hybrid development.
Oh wai... would that sink your little rant ship before it sails?
A123 Systems – the taxpayer-funded electric vehicle battery manufacturer that famously shipped duds to Fisker Automotive, which caused one of its luxurious Karma EVs to shut down just before a Consumer Reports test – is now the defendant in an investor class action lawsuit and its stock has tanked to below $1.
The process of picking winners and losers only invites appearance of cronyism at best and outright corruption at worst. Let private investors who can best afford to take the risks decide which corporate management and technological innovation holds the most promise.
Meanwhile, sales of the Toyota Prius continue to climb.
"You'll have to answer to the Coca-Cola company."
An investor revolt is not a sign of defective technology. Technology advances happen quickly, but much R&D has to be done and you can not simply manage technology "by the quarter". Investing is speculating, legalized gambling. These people took a gamble and had no patience to bring up new technology.
Innocent taxpayers; lol. You getting this from Faux News?
Originally user 22691
"I'm trying to live vicariously through jrod here and my vicarious
life would be better if he had a twin turbo. Or a ****ing pirate
Investing in huge companies = OK
Investing in tiny startups = High Risk / NOT OK
Another Republican rant about Volt and EV.
It's oil companies lobby money at work. We don't need EV. We want our money to be used in rebuilding Iraq and Afganistan, soon Iran and Syria. Forget domestic companies and local jobs, let's support other countries.
"Your pants too tight,your wheels too bright"
GE, Procter & Gamble, Motorola as well as venture capital firms like Sequoia. Ford, GM, and Chrysler also helped fund A123 Systems through their own battery consortium.
It's ridiculous to see the story being spun as A123 Systems being some fly-by-night operation randomly chosen to receive government funding. Private investors invested heavily in the company.
I am the 99%. I want my tax money back from the ones who took it on government loans and promised to pay it. If you accept a government loan and can't repay it, all the executives at the company and anyone being paid over $150,000/yr should have to have all their personal assets turned over to a bankruptcy court for liquidation to pay back as much of the money as possible. They are the 1% anyway, they can afford it.
Why don't you try actually doing some research on something before posting pointless crap.
In every EV thread, you come in showing just how idiotic your notions of the industry are and it is starting to be rather depressing. The fact that people like you are so clueless, yet feel the need to spout off random drivel.
i dont disagree with government loans in the first place, sure businesses fail but banks, especially right now, arent in a position to give out high risk loans. these sorts of high risk loans are what helps create new and innovative industries that will keep america competitive. im pretty deep in ows, and while i disagree with behind closed doors political dealings to get government loans, i dont disagree with the fact that the government can help make winners.
I'm about as (non religious) right as you can get, but quite honestly, funding R&D on stuff we actually NEEd is pretty far down the list of stuff the govt wastes money on. What did we spend on Iraq? Would we have to if we didn't need their oil? F nah. I understand we're going to lose some money here and there, but it pales in comparison to the cost of not doing anything.
S2000 • TSX
And as for the "one percent" - don't blame them for your tax issues, they are paying more than you, regardless of what the media likes to say. See this:
Oh yeah, and the government has done its share of investing in all kinds of networking technologies that are the current backbone of the internet. So don't think they shouldn't try. For every 100 ideas that don't work, there is one that can change the world. Private investors won't always do the heavy lifting.
Don't listen to everything the media feeds you. "Left-wing" or "Right-wing", more than half of it is complete BS. Think for yourself and be logical - don't bash companies for trying to make a difference.
Funding two wars, rebuilding iraq and giving tax breaks to countries that shipped jobs to other countries with our tax dollars makes so much sense but helping out a company that provide 70% jobs in this country is waste of money, love the republicans they are so pro american and patriotic but hate American companies and jobs, if it was up to the repos we would all work for China
I thought posting political rants in TCL was a banable offense?
Travel is fatal to prejudice, bigotry, and narrow-mindedness, and many of our people need it sorely on these accounts. Broad, wholesome, charitable views of men and things cannot be acquired by vegetating in one little corner of the earth all one's lifetime.
If it was a sure thing, they wouldn't need government loans because investors would be lining up.
Research and development is a risk, often a large risk, of money. Failure is a huge, and important part of science because it rules something out. If we were things worried about losing money, we wouldn't have the polio vaccine or the internet.
Most of this is stuff that should have gotten grants, but we're avoiding trade regulations or fear that we might seem even slightly less than distrustful of the free market.
Alternately, don't even send the grants to private startup companies. Send them to labs run by universities. Some of the best and brightest minds in the nation are up and coming in the universities. BLS stats prove that higher education leads to higher productivity and income. Create an incentive to stay in college by sending that government money to university labs where, again, the breakthroughs can be made for credit and bragging rights, but not patentable. That way the technology is then free for use to all and the whole nation benefits. Who can argue against spending more on education?
Last edited by AZGolf; 04-06-2012 at 09:56 PM.
Last edited by wkdc6; 05-12-2013 at 02:08 AM.
btw I do like the volt but I think gm shouldve went bankrupt and there shouldnt be any subsidies for buying "green eco-schit" if you like it buy it.
2009 Jeep Patriot.
2007 Dodge Gran Caravan