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Hshahahaha.......so when the cheapest available electric car with $12,500 worth of incentives doesn't sell, investing in the most expensive electric car makes sense to you?
Sorry....I'm laughing too hard to continue.
-- Posted with TapaTalk
It's getting quite exhausting having to explain things to you. I suggest you do some healthy reading because you'll find that a good product is not a guarantee of business success. You've yet to provide anything of substance in this discussion and its obvious that you and I simply do not agree on some fundamental levels. Take care, I wish you some much needed luck.
I think the Dept. of Energy should not be in the business of investing into private companies. They have no track record of successful investments, and it's not their money to begin with; it's ours.
What the DoE should invest into is basic research. Materials, energy, the fundamentals of matter, that kind of stuff. The technology that flows from basic research is unlimited.
Researchers have trouble justifying their work these days; it can be leading edge stuff, but if they can't show a practical use for it, they won't get funding. This is just wrong. We should be putting $100 billion a year into scientific research; that's what America is good at, pushing the envelopes, conquering new frontiers, breaking the preconceptions. We should not waste money on the private sector like Fisker and several other spectacular failures in recent years.
That said, DARPA seems to know how to get results; they put out requests for proposals for the most fantastic technologies and they spend very little money, sometimes tens of thousands of dollars, to develop something pretty amazing.
No one likes to see a business fail but is it really that surprising that not 100% of the businesses the DOE offers loans to end up succeeding? They would one hell of an organization if they had this kind of track record. Even banks who work very hard to properly underwrite loans and evaluate businesses for commercial clients typically end up with some losses. It's just the nature of business and a 100% success rate is simply not possible nor reasonable.
The DOE is not in business.
Furthermore, it's not the government's job to make speculative loans with our money.
Furthermore, it's not the government's job to make speculative loans with our money.
There are a crap ton of government departments that issue grants/loans to various organizations for the purpose of improving American lives and the world in general. If you have an issue with that, don't single out one item but focus on the larger problem.
There are a crap ton of government departments that issue grants/loans to various organizations for the purpose of improving American lives and the world in general. If you have an issue with that, don't single out one item but focus on the larger problem.
You're right.
The larger problem is that there are many government agencies who make many speculative loans with our money.
If these organizations' creditworthiness was sufficient, they'd be able to secure funding from banks, thus they wouldn't have to go running to the government.
The larger problem is that there are many government agencies who make many speculative loans with our money.
If these organizations' creditworthiness was sufficient, they'd be able to secure funding from banks, thus they wouldn't have to go running to the government.
As someone who has worked in various positions at several banks I can tell you without a doubt that many businesses that have a strong business case still get declined for credit simply because many banks are very credit safe particularly in recent years.
As someone who has worked in various positions at several banks I can tell you without a doubt that many businesses that have a strong business case still get declined for credit simply because many banks are very credit safe particularly in recent years.
So what?
That's even MORE of a reason that a government agency shouldn't be dabbling in private business or playing investment bankers!
-- Posted with TapaTalk
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