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See: PPP program, a near-trillion dollars of "Loans" that were not paid back. Why isn't the numerous instances of federal bailouts in thousands of other compan
by AtlasBarfed 4y ago
See: PPP program, a near-trillion dollars of "Loans" that were not paid back.
Why isn't the numerous instances of federal bailouts in thousands of other companies NOT a talking point if Tesla's is? Savings and Loans, Mortgage crisis, airlines, etc.
If you don't think having a premier EV manufacturer in the US when the Chinese are otherwise poised for total domination of the sector isn't an economic national security issue, then I don't know what to tell you.
- HWR_14 4y agoThe PPP was multi-trillion, not near-trillion. And yes, there were a lot of issues with the PPP. That seems to have been fairly unique (thank goodness) The other federal bailouts aren't talked about often on HN, because they are not tech companies. And most of those conversations feature the talking point "they paid back the loan" as well. I have no idea why it's important. I'm fine with the government subsidizing EV manufacturing industries. That's not the question. The question is "why is it important they paid the loan back?"