3 ms·
Furthermore, look at Tesla. I think that's a pretty good win for the Obama administration, in that without them throwing some money in, the US right now wouldn'
by m_mueller 12y ago
Furthermore, look at Tesla. I think that's a pretty good win for the Obama administration, in that without them throwing some money in, the US right now wouldn't have a promising player in the new market of all-electric cars.
- jessaustin 12y agoThanks to Solyndra etc., I doubt we'll hear much from the Dems about that.
- m_mueller 12y agoI don't see what's the big deal there - a bailout is a bailout, it's not an ideal situation for anyone, but it's far better than the alternatives of just letting all promising companies fail. If they can't defend that, how can they defend the banking bailouts of 2008/2009?
- jessaustin 11y agoTo my way of thinking, Solyndra is far more defensible than the bank bailouts, especially when you look at it in the context of Tesla and other companies they've funded. However, that's not how it plays politically, and there's really nothing Democrats can do about that in the short-to-medium term. Besides, Tesla still has something of an "elite" flavor, so bragging about "saving" it (which probably isn't true, but they did help) doesn't get them much credit from voters who don't even know anyone who owns a Tesla.