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?


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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.


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