Friday, June 18, 2010

O Non-Socialist Socialism

clipped from

Well, not really. What Bammy is actually doing is taking our tax money and giving it to a car company. We taxpayers don't get any actual ownership or financial benefit from the deal.

Tesla plans to spend $42 million to purchase the former New United Motor Manufacturing Inc. plant in Fremont, Calif., a few months after the IPO. The plant is owned by Toyota and Motors Liquidation Co., which is the remains of the former General Motors Corp. that is in bankruptcy.

In other words, the government is forcing Tesla to use shareholder money to buy a factory, but then will pay back the shareholders with taxpayer money.

Better yet, the car company builds $100,000 cars. So, basically, he's subsidizing a car company for his rich elite homies. Does this make him a non-socialist?