Jump to content
News
Reviews
Discussons
Activity
Create New...
Close
  • William Maley
    William Maley

    By William Maley •

    Texas Senator Proposes Ending Auto Loan Program

    capitol_003.jpg

    Back in 2007, the US Congress created the Advanced Technology Vehicle Manufacturing federal loan program to allow the US Government to loan out $25 billion to car manufacturers. The loans were created to help car manufacturers to retool factories and build more fuel-efficient vehicles.

    But those loans have been slowly trickling out. Only $9.2 of the $25 billion set aside has been used. Also, the program has been taking a long time to approve companies for loans. So far Ford, Nissan, Fisker, and Tesla have already been approved for loans. Chrysler has been waiting for eighteen months while GM has pulled their application.

    Now, a congressman from Texas wants to get rid of the program.

    U.S. Rep. Bill Flores R-Texas., has introduced a bill into Congress to end the Advanced Technology Vehicle Manufacturing loan program.

    "My proposed bill to terminate the program prior to the end of the current fiscal year could potentially save additional billions in unused taxpayer dollars. Repealing the ATVM loan program will preserve much-needed funds to support projects that have the best chance of providing middle-class jobs here at home in the near term. It will also ensure that funds are provided for an immediate need, rather than letting them sit idly by waiting for a careless and inefficient bureaucratic process that has made little progress in the past three years.," Flores said.

    The bill is being supported by many Republicans, but Democrats, led by Michigan Senator Debbie Stabenow and Rep. Gary Peters, are against the bill.

    The Advanced Technology Vehicle Manufacturing federal loan program has been coming under a lot of scrutiny after solar panel manufacturer Solyndra LLC collapsed after receiving $528 million in loans. Last week, the White House launched a sixty-day review of the program.

    Source: The Detroit News

    Go to articles

    User Feedback

    Recommended Comments

    A Horse With No Name

    No. Republicans have gotten enough concessions. If they want to axe this they need to give something up.

    Bingo...and since when did the Idiotic Republicans fix anything or make anything better?

    horray! nix these interventions!

    Hooray, lets go back to the stone age..

    Good thinking dude...and part of why i am not even voting for Republicans in local elections this year.

    • Agree 1
    Link to comment
    Share on other sites
    loki

    change this to student loans

    It's not an intervention if students can opt in or opt out.

    ....and what about an impending crisis, because they will not be paid back, because of a lack of good paying jobs?

    the gov should not act like a bank(lender), they cannot judge the cost-benefit analysis, because their "income" is by coercion, this leads to malinvestment and over-consumption, debt that will not be liquidated and thus stick the tax payer with the bill. taxes will have to raise, even if it means the price of money drops.

    Chris, how will nixing these loan programs take us back to the stone age?

    (isn't injecting party politics into this discussion just a low brow way of trying to end it?)

    (just noticed before this my post # was 6868. haha)

    Link to comment
    Share on other sites
    A Horse With No Name

    I just think we need to invest in the future...away from partisan politics...

    The whole problem with our country is that we have IMHO gone from building things and inventing things and doing things to importing things and letting others do the thinking for us.

    Link to comment
    Share on other sites
    loki

    I just think we need to invest in the future...away from partisan politics...

    The whole problem with our country is that we have IMHO gone from building things and inventing things and doing things to importing things and letting others do the thinking for us.

    the first part,...then gov cannot be acting like it has more so over the last few years. gov is run by partisan politics and like you said, "and since when did the Idiotic Republicans fix anything or make anything better?" sounds like you are a partisan too.....

    if you want to invest in the future, try to get a job with them, buy their stock, encourage the smartest you know of all ages to not look for hand outs from the gov and look for PEOPLE to invest in them and their ideas.

    i think investing in the future has to promote ideas of justice, not for the 99%, not for the 1%, but for everyone, equally. how can that be accomplished by an entity that derives it's power and $ from the people it can coerce and while using that power and money to try to control where the present is going into the future? it's past record is pretty horrid, and more so in the last ~100 years, and only accelerating.

    remember, gov does not equal society, and vise versa.

    i think it's credited to ghandi.... "(you) be the change you want to see."

    anymore discussion and i'm going straight to the core value(s) about this topic.

    Link to comment
    Share on other sites
    Robert Hall

    I just think we need to invest in the future...away from partisan politics...

    The whole problem with our country is that we have IMHO gone from building things and inventing things and doing things to importing things and letting others do the thinking for us.

    the first part,...then gov cannot be acting like it has more so over the last few years. gov is run by partisan politics and like you said, "and since when did the Idiotic Republicans fix anything or make anything better?" sounds like you are a partisan too.....

    Not really partisan, that sounds like just a statement of fact. :)

    Edited by Cubical-aka-Moltar
    Link to comment
    Share on other sites


    Join the conversation

    You can post now and register later. If you have an account, sign in now to post with your account.
    Note: Your post will require moderator approval before it will be visible.

    Guest
    Add a comment...

    ×   Pasted as rich text.   Paste as plain text instead

      Only 75 emoji are allowed.

    ×   Your link has been automatically embedded.   Display as a link instead

    ×   Your previous content has been restored.   Clear editor

    ×   You cannot paste images directly. Upload or insert images from URL.

    ×

  • google-news-icon.png



  • google-news-icon.png

  • Subscribe to Cheers & Gears

    Cheers and Gears Logo

    Since 2001 we've brought you real content and honest opinions, not AI-generated stuff with no feeling or opinions influenced by the manufacturers.

    Please consider subscribing. Subscriptions can be as little as $1.75 a month, and a paid subscription drops most ads.*
     

    You can view subscription options here.

    *a very limited number of ads contain special coupon deals for our members and will show

  • Community Hive Community Hive

    Community Hive allows you to follow your favorite communities all in one place.

    Follow on Community Hive

  • Posts

    • David
      Random Thoughts Thread

      By David · Posted

      I am not aware of travel cases for internal drives. Usually you have the drive and once you have made sure you own static electricity is discharged on your body, open the computer and unplug the power cable and data cable to the HD. Then you unscrew the screws holding the drive in. Put the drive into an Anti-Static bag and then usually into a box that has foam padding on all sides to protect the drive and then tape it up to close it.  With both drives in their proper storage bags, you can then have both drives in between foam insulation for handling any dropping of the box, etc. Pack them in a box and tape shut, should then easily handle going through your carry on or checked in luggage. To ship a hard drive, you need to: Secure the hard drive in its original packaging or anti-static bag. If you don't have an anti-static bag, place the drive into a zipped freezer bag to prevent any moisture getting into the drive during transit. Sandwich the drive between foam or wrap it in bubble wrap to absorb any minor shocks. Put the hard drive in a padded shipping box. Close and seal the box. Label your package. Amazon.com : hard drive shipping box This is pretty much all you need.
    • David
      Airplanes

      By David · Posted

      Either a co-pilot first time landing or something truly went wrong on the plane.
    • trinacriabob
      Random Thoughts Thread

      By trinacriabob · Posted

      The incoming rectangular lamps on many GM cars in that era made them much more attractive.  They made a big difference. Now, as far the powerplant went, the notion of 500 cubic inches was mindboggling even during the malaise era.  If you want to see someone's jaw drop, tell a European that their engines have 8200 cc or 8.2 liters.  For those who aren't driving the occasional Mustang or Camaro you see, they freak out at anything over 2,500 or 3,000 cc.
    • trinacriabob
      Random Thoughts Thread

      By trinacriabob · Posted

      Thank you for the response. I want to reinstall them into the computers, especially the "newer" one.  The old one has been a real champ.   The reason for not leaving them in the desktop is that the basic tower might have to be transported ... and not by me.  That means it will be out of my possession for a while.  Since the HDs would be traveling with me, they'll have to get scanned through airport security a time or two.  I'm guessing that shouldn't mess with the data.   I've already backed up the C drive on several large 1 TB portable hard drives.  I don't want to touch the basic functions and files on the computers since I don't know how that all works.  I stay away from the drives and files I am not familiar with. I tend to donate other things to charity.   I did give the Regal I once owned to charity.   A good friend told me that, about a month or two later, he saw it being driven around the city by its new owner and we had a good laugh. This is what I want to do.  I'm just trying to figure out if the guy or gal at Office Depot can size a case based on looking up the unit and the HD in it.  Any ideas on that part?  Or should I do that and approximate the size and weight of the part to get the cases?
    • trinacriabob
      Airplanes

      By trinacriabob · Posted

      I'm wondering about a lot of things related to this.  I am sure that, sadly, the passengers inside were jolted.  This is way different from a rough landing. Why was it even necessary to do it?  What was going on at the airport property at that time?  How does one even pull this off?  I've seen some vids of where they barely touch and then go off again, but this one looks way more complicated.

  • Who's Online (See full list)

    • There are no registered users currently online

  • My Clubs

×
×
  • Create New...

Hey there, we noticed you're using an ad-blocker. We're a small site that is supported by ads or subscriptions. We rely on these to pay for server costs and vehicle reviews.  Please consider whitelisting us in your ad-blocker, or if you really like what you see, you can pick up one of our subscriptions for just $1.75 a month or $15 a year. It may not seem like a lot, but it goes a long way to help support real, honest content, that isn't generated by an AI bot.

See you out there.

Drew
Editor-in-Chief

I've whitelisted
Continue without support

Write what you are looking for and press enter or click the search icon to begin your search

Change privacy settings