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> President Biden's Bipartisan Infrastructure Law invests $7.5 billion in EV charging, $10 billion in clean transportation, and over $7 billion in EV battery co
by afterburner 3y ago
> President Biden's Bipartisan Infrastructure Law invests $7.5 billion in EV charging, $10 billion in clean transportation, and over $7 billion in EV battery components, critical minerals, and materials
Not sure what is unusual about Canada investing in things we want to get done too.
- JimtheCoder 3y agoAren't most of those investments going to be in American companies? Canada doesn't have domestic equivalents...
- bequanna 3y agoSorry to argue semantics, but how are these "investments"? This money doesn't generate a return or grant equity to the taxpayers. This is simply free money given to companies owned by politically connected people. It's marketed as helping "clean energy" or so they more easily jam it down the taxpayers throats.
- JimtheCoder 3y ago"but how are these "investments"? This money doesn't generate a return or grant equity to the taxpayers." In the same way that we invest in healthcare and invest in education... Just because you cannot easily quantify a monetary return, that doesn't mean that it's not an investment...in my opinion
- bequanna 3y agoUmm, investing in Education should mean more money for schools. This is a taxpayer funded blank check for politically connected people to spin up private companies and risklessly get rich. The solution is simple: Give the taxpayers equity in the companies.
- frandroid 3y agoEuropean companies in this case... Stellantis is Fiat (Chrysler), and VW is German, obviously. The American companies' battery plants are spoken for in the U.S. :P