Guest essay by Eric Worrall
h/t Dr. Willie Soon – according to Alexandria Ocasio-Cortez, taxpayers have a right to expect a return for their green investments.
… “When we as a public choose to invest in new technologies, we deserve a return on that investment,” Ocasio-Cortez said while talking about the broader Progressive agenda to fund renewable and green technology research with taxpayer money.
“For far too long, we gave money to Tesla, we gave money to a ton of people and we got no return on our investment that the public made in creating technologies, and it’s about time we get our due because it’s the public that funded and financed a lot of innovative technologies,” Ocasio Cortez continued. …
Read more: https://dailycaller.com/2018/12/03/alexandria-ocasio-cortez-tesla-elon-musk/
(Cortez Comments at 1:00:26)
Sadly Ocasio-Cortez also said a lot of other things which were not so sensible, like promoting her favourite broken window fallacy – her claim about the alleged benefits of the economic activity which would occur if the USA transitioned to green socialism.
Ocasio-Cortez’s surprise demand that Musk produce something useful, combined with President Trump’s determination to phase out subsidies for electric cars and green energy, in my opinion suggests an emerging bipartisan consensus against giving more government money to Tesla.
For 2017 the DoD budget request was ~ $580 Billion. With $21 Trillion missing, that would pay for ~ 36 years worth of 2017 DoD budgets.
There’s not a secret pile of $21 trillion dollars lying around in the pentagon basement. It’s shonky bookkeeping that resulted in $21 trillion in transactions (both positive and negative) that can’t be traced to their sources because the money has been moved from one account to another over and over again. The positives and negatives mostly cancel each other out. Basically the same money that the US government budgeted them, which is a lot less the $21 trillion, is counted multiple times as money appropriated for one thing is moved around to pay for other things.
Look at it this way, Project A is budgeted 1 billion dollars. the budget was based on an overestimate, and say 100 million of that wasn’t needed for Project A, so it is then moved to another fund, say Project B. 100 million is then taken from A and added to B. That’s 200 million in transactions (-100 million for A and +100 million for B) multiply that across the entire DoD over the course of decades and you get to $21 trillion in transactions
The Pentagon may still have a few billion in unaccounted money floating about in various accounts, but not trillions.
“The Pentagon may still have a few billion in unaccounted money floating about in various accounts, but not trillions.”
That’s much closer to the truth.
Btw, I heard Occasio-Cortez cluelessly say the other day that the military had received a $700 bilion budget increase.
The $700 billion is actually the military’s total budget. The actual budget increase is a little over $100 billion.
Which was desperately needed, I might add, after eight years of Obama/socialist neglect of the military. When socialists get into power they always start by wanting to cut the military budget. It looks like Occasio-Cortez is no different. Which makes her cluelessness a danger to U.S. national security.
I wondered if this would happen.
In the minds of some, EV makers are supposed to produce the automotive equivalent of a hair shirt, not sexy rocket ships that outsell anything else in the same class.
Government does not invest; it spends.
She has been caught up in believing the Left’s propaganda.
I don’t know if she’s the stupidest politician on the planet but she’s gotta be the stupidest NEW politician.
She might not be the stupidest politician, she’s just hasn’t learned how to hide her stupidity as well as her more experienced peers.
Gold Cup belongs to Maxine “The Mouth” Waters. Occasio Cortez is a treasure trove of stupid comments but The Mouth elevates Ignorant twit to an art form.
give her time, she’s only just gotten started. Maxine’s already at her peak, AO-C is at the beginning of a steep upward trajectory in stupid comments.
An interesting note on Tesla, their stock gained $1.80 yesterday during the 800 point drop on the Dow. Since Musk left as CEO the stock has made gains and held ground.
LOL, what a clown…..they should run her for President.
careful what you wish for. The Democrats initially thought Trump was a clown and wanted him to run for President. It was inconceivable to them that he might actually win. See how well that worked out for them.
Fortunately she isn’t eligible to run until 2024. so they are safe from the prospects of her being their nominee and we are safe from the prospects (no matter how remote they might seem) of her actually winning.
When a person gets scammed there is a period of time when they begin to sense that something is wrong before they realize they’ve been had.
“We The People” have been scammed. (Solyndra, Tesla, Solar Power, Wind Power etc.)
I’m probably wrong, but I do hope this young socialist is entering the “begin to sense that something is wrong” stage and wakes up.
Soon as the money runs out, or should I say, when the faith in the money runs out.
sadly you are quite wrong. She is a rabid true believer. a socialist zealot. The US could turn into Venezuela and she wouldn’t sense anything is wrong, she’s just think more needs to be done.
Yes, I’m probably wrong and you’re probably right.
We can only hope and pray.
Hope she wakes up.
Pray she wakes up or, at least, doesn’t gain enough influence to screw up the rest of our lives.
I worked out the weight of the battery needed to power his “semi” truck based on the claimed performance; 14 tonnes!
While I think Musk is probably the greatest conman since Madoff, Ocasio-Cortez is bad for America.
Really bad.
She’s just one congress critter. What’s really bad is that there are other congress critters that think like her but manage to not make as many stupid comments in public.
So who is going to play this airhead on SNL? …….cue crickets chirping………
Perfect!
Dumbiny Cricket!
You know Obama made so real stinkers when it came to investing in GREEN energy projects. One that comes to mind was the 2.6 billion dollars thrown away on SOLEX and that was only one of them.
$1.5 billion in govt subsidies to bankrupt Sun Edison.
bankrupt Abengoa (leading promoter of solar projects): $2.6 billion in federal loans and loan guarantees as well as $986 million in federal grants and tax credits plus another $7.8 million in state and local subsidies
Then there’s Solyndra and a host of other failed government backed “green” energy companies/projects during Obama’s watch.
Says a woman who has never created a product or service and has no clue about how wealth is created but fully understands how to steal wealth that belongs to others and give it to away to those who don’t deserve it. This monster is drunk on power. She’ll be 100 times worse than Pelosi if she somehow retains office, but the way the Demoncats get away with stealing elections I think she will wreaking havoc for many years to come side by side with her demon sister Kamala. God help us.
Taxpayer made an investment. Now she wants her returns.
Some taxpayers invest in AK-47’s https://www.google.at/search?q=ak47&oq=ak47&aqs=chrome. or AR15’s and want their returns.
God help them.
Taxpayer Alexandria Ocasio-Cortez made an investment. Now she wants her returns.
Some taxpayers invested in AK-47’s https://www.google.at/search?q=ak47&oq=ak47&aqs=chrome. or AR15’s and want their returns.
May god help them.