1/7/25

If you have any questions on how the government got $35 trillion in debt, look no farther than the Biden Administration’s recent $6 billion “loan” to electric car manufacturer Rivian. This is a company that lost $100,000 on each and every one of the 37,000 vehicles it sold in 2024. Add to that the $2 billion in subsidies through federal tax credits for all the electric vehicles sold in 2024. Reminds us of the $535 million Obama wasted on solar cell-maker Solyndra who promptly went bust in 2009.