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Borrow $240 Mil, Or Borrow Alot Less And Start Out Slow?
- Thread starter ozarkbugg
- Start date
John Painter
Elio Addict
Yup, I wonder if DoE wouldn't throw EM a bone just on the principle of the whole thing.
There's a little sump'n for everyone.
..... GaloreEstelle?
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Folks
Elio Addict
No, not galore. Just 2 is all I see. But does anyone remember the topic after this post. LOL No fair changing the topic. John. LOL
Who the heck is Estelle anyway?
EM has been there and done that several times now. If the ATVM loan works out these visits would have paid off big time as it was during a DC visit early last year that EM so impressed a Senator that he arranged for an invitation to exhibit the vehicle at a DARPA event. The Under Secretary of Energy at the time, who later became the acting Secretary of Energy, attended this event and ended up sitting in the vehicle and speaking with Paul Elio for a bit. After some additional meetings and conversations EM was invited to apply for the ATVM loan program even before it became public knowledge that the ATVM program was being revived.
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NSTG8R
Elio Addict
Oh, I read plenty....Here's the "Conclusions" from the same University you cited.
CONCLUSION:
The Department of Energy’s loan guarantee programs have been the focus of much public attention since energy company Solyndra went bankrupt last year, leaving taxpayers with a $538 million bill. Of equal concern to the significance of this waste, however, is the distortion and incentives experienced by both lenders and companies that participate in the government loan program, as well as the distortion of market signals. Further looking at where the money is going, the evidence seems to go solidly against the idea that they are achieving their goals. And the systematic economic harm done by rewarding companies that forgo value creation in favor of pursuing financial benefit through the political system creates long term consequences for our economy and our country.
Great article! Might want to read it over for yourself when you get some free time.
http://mercatus.org/publication/assessing-department-energy-loan-guarantee-program
WilliamH
Elio Addict
Oh, I read plenty....Here's the "Conclusions" from the same University you cited.
CONCLUSION:
The Department of Energy’s loan guarantee programs have been the focus of much public attention since energy company Solyndra went bankrupt last year, leaving taxpayers with a $538 million bill. Of equal concern to the significance of this waste, however, is the distortion and incentives experienced by both lenders and companies that participate in the government loan program, as well as the distortion of market signals. Further looking at where the money is going, the evidence seems to go solidly against the idea that they are achieving their goals. And the systematic economic harm done by rewarding companies that forgo value creation in favor of pursuing financial benefit through the political system creates long term consequences for our economy and our country.
Great article! Might want to read it over for yourself when you get some free time.
http://mercatus.org/publication/assessing-department-energy-loan-guarantee-program
So the report focused primarily on 1705 program loans and mentioned ATVM only in passing.
Fisker's only product was manufactured in Finland. So Fisker sent our money to Finland.
Didn't help our economy.
NSTG8R, I have fact checked non-politcal souces to my complete satisfaction that the DOE Loan Programs are profitable providing venture capital to qualified applicants, even with those two 'small' failures. No guarantee that every company receiving an approved loan is going to be successful. It's a successful loan program that I hope favors EM's Loan Application.
Otherwise, I'm too busy reading the threads here on Elio Owners. I suppose now they will shut down before approving EM's application after reading your source's conclusion on how big a failure the program has been. GO DOElio!
Otherwise, I'm too busy reading the threads here on Elio Owners. I suppose now they will shut down before approving EM's application after reading your source's conclusion on how big a failure the program has been. GO DOElio!
'55 Chevy.