Sunday, March 16, 2025

Real Waste, Fraud And Abuse?



CreditWhereCredit
MayNotAlwaysBeDueVille


The following is a description of what Mr. Musk's faux war US'ian government programs looks like on the ground in a purple(ish) state:

The State Department of Agriculture and Consumer Services received a letter from the United States Department of Agriculture earlier this month stating it will no longer receive funding for the Local Food Purchase Assistance Program. The nonprofit Food Bank of Central and Eastern North Carolina is one of seven food banks that receives funding through federal programs like this one.

“Our portion of that would have been $2 million,” said Amy Beros, the nonprofit’s CEO. “But statewide, it's an $11 million impact for the food banks across North Carolina.

She said the $2 million in federal funds the nonprofit would have received would go directly to farmers for the purchase of fresh food that’s then distributed across the 34 counties they serve...


Now.

The following is a description of how much money Mr. Musk's car company has made on the basis of a government program that makes it possible for legacy car companies to keep on pumping carbon dioxide into the atmosphere:

...The electric automaker earned $10.7 billion from selling credits created by government climate programs — a total that accounted for a third of Tesla’s profits over the last decade, according to an analysis of securities filings by POLITICO’s E&E News. In the first nine months of 2024, some 43 percent of its net income came from those credits, which Tesla sold to rival carmakers after exceeding climate mandates in California and elsewhere...


So.

Which one is a description of real waste, fraud and abuse?


______
Back in the before times
(i.e. during the last US'ian presidential campaign), I tried to figure out why Mr. Trump had such a massive hate-on for electric vehicles, which was somewhat surprising given the fact that Mr. Musk had become his biggest financial backer...In the end I decided it was just red meat for the base...But consider this - How profitable will Tesla be if Mr. Trump doesn't keep the legacy American car companies producing gas guzzlers that require them to keep sending billions Mr. Musk's way?
And then, of course, there is the elephant in Mr. Musk's government regulatory room...Subsidies.
Link to the chart at the top of the post is...Here.


.

5 comments:

Grant G said...

Elon the fraudster.....Now he's robbing the Canadian government..

https://www.yahoo.com/news/teslas-being-accused-something-unbelievably-191217748.html

An anonymous(?) letter by Tesla sent to Trump admin decries Tariffs, ..state how harmful tariffs will be on Tesla..
https://abcnews.go.com/US/tesla-letter-tells-trump-administration-worried-tariffs/story?id=119796605

Eby slams Tesla and cuts off Elon from BC Hydro rebate..

https://cheknews.ca/saanich-green-energy-business-hit-hard-after-eby-cuts-tesla-from-bc-hydro-rebate-with-little-notice-1244077/

On a interesting side note....There are those that think Trump has proxies playing the market, with the proxies knowing when Trump is going to send it crashing and or rising...Shorting the market...Furthermore, there are some that suggest Trump is going to drive the markets down down down bigtime with his world trade war and..
And at the right time when the market collapses Elon, Trump and his proxies buy up literally $trillions in stocks and commodities then a short time later Trump calls off all tariffs....Markets surge and a $trillion dollar investment turns to $10 trillion..

Anywho....As predicted....NDP under Singh tanks...Little PP's party numbers crash as Carney and the Federal Libs surge and rise to majority government territory.

Ekos polling..

"Liberal Party Sees WILD Surge In New Poll"

The Rational National

https://www.youtube.com/watch?v=RnIJewQzVZ8

Seems my political instincts are...still ahead of the curve.

Cheers Eyes Wide Open




Grant G said...

"CEOs Secret Plans To Let Trump Tank Stock Market UNVEILED"

https://www.youtube.com/watch?v=HLuYsjbX-Vo

There are no SEC guardrails anymore....under Trump it's open season to game the market...This is so for beyond the now defunct emolument clauses...

Eyes Wide Open

NVG said...

out of curiousity, not suggesting violence ...., but what if Trump and Elon were ...... discouraged

RossK said...

NVG--

The US'ian Senate Democrats had a chance to do just that, by legislative means, on Friday.

They chose not to.

.

Evil Eye said...

The American politic is becoming more and more bizarre every day. The opposition Democrats are afraid to do anything and instead hold up ping pong bats in disapproval.

The rule of law is no more and they hold their politcal prisoners in chains in consideration that would warrant guilty verdicts in the Nuremberg Trials.

What Canada should o, but won't do is close the border or issue "exit visas" for those going south of the 49th.

We ar now living in a dystopian future, that we once paid theater admission to see.