Solyndra part deux?

[Flash]

Looks like Biden didn't learn anything during the Obama Administration on how wasteful it is to pour taxpayer's money into worthless Environmental Wacko projects. We can kiss those billions goodbye. Somebody is going to make a lot of money and the taxpayers are going to foot the bill.

More money laundering for the Democrats.

https://www.usnews.com/news/technology/articles/2023-02-09/redwood-materials-says-it-wins-2-billion-doe-loan-for-ev-materials-plant

U.S. Set to Loan Redwood Materials $2 Billion for EV Materials Plant​

The U.S. Energy Department on Thursday made a conditional commitment to Redwood Materials for a $2 billion low-cost government loan to help build out a $3.5 billion recycling and remanufacturing complex in Nevada for battery materials.

Energy Secretary Jennifer Granholm said that, if finalized, the loan will help the project create critical materials for electric vehicle batteries.

"It's going to be a slam dunk for our domestic burgeoning electric vehicle industry," Granholm said, adding that Redwood will play an "outsized role in bringing the battery supply chain home -- because you are focused on the pieces that we don't have in the United States."

Redwood Materials expects to draw down the first loan tranche later this year, Chief Executive JB Straubel said in an interview.

The initial loan draw "will help accelerate (production) and compress the time for us to get to full scale" at the northern Nevada complex, which has started to produce copper foil for battery anodes, Straubel said.

 

[whitehall]

The United States is in deep shit when the mainstream media goes along with the demented old fool .

 

[Flash]

We will never see one gigawatt of power out of this.

 

[MarathonMike]

Looks like Biden didn't learn anything during the Obama Administration on how wasteful it is to pour taxpayer's money into worthless Environmental Wacko projects. We can kiss those billions goodbye. Somebody is going to make a lot of money and the taxpayers are going to foot the bill.

More money laundering for the Democrats.

https://www.usnews.com/news/technology/articles/2023-02-09/redwood-materials-says-it-wins-2-billion-doe-loan-for-ev-materials-plant

U.S. Set to Loan Redwood Materials $2 Billion for EV Materials Plant​

The U.S. Energy Department on Thursday made a conditional commitment to Redwood Materials for a $2 billion low-cost government loan to help build out a $3.5 billion recycling and remanufacturing complex in Nevada for battery materials.

Energy Secretary Jennifer Granholm said that, if finalized, the loan will help the project create critical materials for electric vehicle batteries.

"It's going to be a slam dunk for our domestic burgeoning electric vehicle industry," Granholm said, adding that Redwood will play an "outsized role in bringing the battery supply chain home -- because you are focused on the pieces that we don't have in the United States."

Redwood Materials expects to draw down the first loan tranche later this year, Chief Executive JB Straubel said in an interview.

The initial loan draw "will help accelerate (production) and compress the time for us to get to full scale" at the northern Nevada complex, which has started to produce copper foil for battery anodes, Straubel said.

Biden is the older, Whiter, brain damaged version of Obama.

 

[1srelluc]

It's all a money laundering scheme. I wonder what the kickback percentage is?

I figure at least 87K given that is what the Halfrican raked in from Solyndra.

Campaign finance records show Solyndra executives and board members donated $87,050 total to Obama’s election campaign. -Daily Caller

 

[BluesLegend]

Dems are PORKING out on the government graft and kickbacks.

 

[Flash]

These Environmental Wackos are world class scam artists and now they have arranged to get the Big Enchilada with billions of taxpayer's money.

Stolen elections have consequences.

 

[Independent thinker]

Looks like Biden didn't learn anything during the Obama Administration on how wasteful it is to pour taxpayer's money into worthless Environmental Wacko projects. We can kiss those billions goodbye. Somebody is going to make a lot of money and the taxpayers are going to foot the bill.

More money laundering for the Democrats.

https://www.usnews.com/news/technology/articles/2023-02-09/redwood-materials-says-it-wins-2-billion-doe-loan-for-ev-materials-plant

U.S. Set to Loan Redwood Materials $2 Billion for EV Materials Plant​

The U.S. Energy Department on Thursday made a conditional commitment to Redwood Materials for a $2 billion low-cost government loan to help build out a $3.5 billion recycling and remanufacturing complex in Nevada for battery materials.

Energy Secretary Jennifer Granholm said that, if finalized, the loan will help the project create critical materials for electric vehicle batteries.

"It's going to be a slam dunk for our domestic burgeoning electric vehicle industry," Granholm said, adding that Redwood will play an "outsized role in bringing the battery supply chain home -- because you are focused on the pieces that we don't have in the United States."

Redwood Materials expects to draw down the first loan tranche later this year, Chief Executive JB Straubel said in an interview.

The initial loan draw "will help accelerate (production) and compress the time for us to get to full scale" at the northern Nevada complex, which has started to produce copper foil for battery anodes, Straubel said.

Their problem is they govern on feelings and never think anything through. If it sounds right and feels right, then it must be right, even when it blows up in their faces. Yes, I totally agree that the entire world should just be one green planet. But, that's not reality. They always talk about income inequality and social injustice and yet just about every policy they have that feels right, makes income inequality and social injustice worse. They just can't see the forest for the trees.

 

[Flash]

Their problem is they govern on feelings and never think anything through. If it sounds right and feels right, then it must be right, even when it blows up in their faces. Yes, I totally agree that the entire world should just be one green planet. But, that's not reality. They always talk about income inequality and social injustice and yet just about every policy they have that feels right, makes income inequality and social injustice worse. They just can't see the forest for the trees.

The Environmental Wacko scam lobby pays well and the Democrats are buyers. The Democrats deliver with billions of taxpayer's dollars and it will never amount to anything like we saw with Solyndra. However, some Envionmental Wacko scam artist are going to get filthy rich.

 

[sealybobo]

Looks like Biden didn't learn anything during the Obama Administration on how wasteful it is to pour taxpayer's money into worthless Environmental Wacko projects. We can kiss those billions goodbye. Somebody is going to make a lot of money and the taxpayers are going to foot the bill.

More money laundering for the Democrats.

https://www.usnews.com/news/technology/articles/2023-02-09/redwood-materials-says-it-wins-2-billion-doe-loan-for-ev-materials-plant

U.S. Set to Loan Redwood Materials $2 Billion for EV Materials Plant​

The U.S. Energy Department on Thursday made a conditional commitment to Redwood Materials for a $2 billion low-cost government loan to help build out a $3.5 billion recycling and remanufacturing complex in Nevada for battery materials.

Energy Secretary Jennifer Granholm said that, if finalized, the loan will help the project create critical materials for electric vehicle batteries.

"It's going to be a slam dunk for our domestic burgeoning electric vehicle industry," Granholm said, adding that Redwood will play an "outsized role in bringing the battery supply chain home -- because you are focused on the pieces that we don't have in the United States."

Redwood Materials expects to draw down the first loan tranche later this year, Chief Executive JB Straubel said in an interview.

The initial loan draw "will help accelerate (production) and compress the time for us to get to full scale" at the northern Nevada complex, which has started to produce copper foil for battery anodes, Straubel said.

When Barack Obama ran for re-election in 2012, GOP lawmakers seized on the catchphrase "crony capitalism" to bash him for giving a speech to workers at a solar panel manufacturing plant run by Solyndra, which had received a loan guarantee under his economic stimulus program.

Now, in President Donald Trump’s administration, crony capitalism isn't an attack line; it's the plan.

On Tuesday, Trump sidled up to a shiny red Tesla Model S in front of the White House, clutching a handwritten note that said you could drive off in one today for “as low as $299/month.” The goal was to boost the company run by his biggest donor, billionaire federal contractor and special government employee Elon Musk, after its stock dramatically collapsed because of an ongoing boycott, uncertainty from Trump's trade wars and poor sales of its ungainly Cybertruck.

To be clear, presidents have long promoted American businesses. Teddy Roosevelt supposedly coined the Maxwell House ad slogan "good to the last drop" after having a cup, and Joe Biden once took a Ford F-150 Lightning for a spin, saying "this sucker's quick." (Sadly, the Ford Motor Co. did not pick that up as a slogan.)

But neither Maxwell House nor Ford executives worked in the White House. Neither made massive donations to a presidential campaign. Trump was trying to help his top political ally by using the White House as a backdrop for free advertising, like some President's Day car sale come to life.

In fact, the closest precedent in U.S. history comes from Trump's first term, when he posted a photo giving two thumbs up from the Resolute Desk in the Oval Office with cans of Goya beans and other products in front of him. In that case, too, the president was trying to boost a company facing a boycott over its association with him, as Goya's CEO was in hot water for having praised Trump.

At least in that case, we know that Trump actually likes taco bowls. But this week's commercial for Tesla came after years of bashing electric cars, which he has said will leave you stranded in the desert, "cost a fortune" and are only "good if you have a towing company." He'd even specifically lambasted Teslas in the past, saying they "don't drive long enough" and the self-driving options "crash."

Republicans once blasted 'crony capitalism.' Now it's the plan.

The Tesla event on the White House lawn was a blatant conflict of interest.

www.msnbc.com