Friday, October 17, 2008

Tesla on the Rocks -- but we'll bail out Fanny Mae

Tesla is on the rocks.

Maybe you don't know about the company -- it's goal is to make electric car -- something we kind of need in this day and age. Due to financial problems and marketplace concerns, it's now in trouble and shedding employees.

Correct me if I'm wrong here, but our energy future is more precarious than the funny money and legal issues of the financial system in the United States (and I'd argue, the world as a whole).

How can our government take a passive interest in this while they get all active and socialistic about stuff like the financial market? This is something obvious to me -- find a way to prop this company up for a while -- new things like this are hard to start. They can't easily be reconstituted if the company dies.

They bailed out Chrysler corporation when it was on the rocks. They want to help a bunch of bankers continue their party. Where are they when our energy future and innovation are dying at the same time?

Answer: No where to be found.

This country is supposed to be about freedom, capitalism and innovation -- we're not going to have the freedom until we break free of fossil fuels. We have to back the innovation of Tesla -- the choice is that or watch it die. Talk about money in the bank -- their idea is amazing and the fact that they got as far as they did with as little as they have is amazing to me.

I hope somewhere in the coffers of bail-out cash there's room for Tesla to have a little slack as well.


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