‘High on the list of items’: Ramaswamy threat to claw back Rivian loan....

By Free Republic | Created at 2024-12-05 17:16:50 | Updated at 2024-12-22 16:40:27 2 weeks ago

‘High on the list of items’: Ramaswamy threat to claw back Rivian loan....
CNN ^ | Dec 5 | By Rene Marsh

Posted on 12/05/2024 8:39:24 AM PST by RandFan

(CNN) Vivek Ramaswamy, the incoming co-chair of President-elect Donald Trump’s commission to cut government spending, has set his sights on money the Biden administration is dispersing in its final days in office, including a key loan to a rival company of his commission co-chair, Elon Musk.

Last week, the Department of Energy announced a $6.6 billion conditional loan commitment to Rivian, the electric vehicle startup that is a nascent competitor to Tesla, Musk’s $1 trillion car company.

Ramaswamy says that loan and others like it are “high on the list of items” that he will look to claw back once his cost-cutting commission, known as the Department of Government Efficiency, or DOGE, gets going next year.

“Those types of last-minute actions that are taking place in the lame duck merit particularly special scrutiny,” Ramaswamy told CNN.

(Excerpt) Read more at edition.cnn.com ...

TOPICS: Business/Economy; Miscellaneous; News/Current Events
KEYWORDS: cnngarbagepeople; elon; renemarsh; rivian; vivek

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Thank you very much and God bless you.

I'm sorry but he's right. Biden seems to be going scorched earth as a lame duck so these actions should be looked at if not cancelled.

1 posted on 12/05/2024 8:39:24 AM PST by RandFan

To: RandFan

Word to Rivian, Ukraine, Student Loan holders, et al - “don’t count on it”.

2 posted on 12/05/2024 8:42:41 AM PST by bigbob (Yes. We ARE going back!)

To: RandFan

Elon Must and Vivek Ramaswamy have a huge task ahead of them, I wish them luck.

This will be like Hercules cleaning the Augean stables.

3 posted on 12/05/2024 8:47:10 AM PST by Mr. N. Wolfe

To: bigbob

The Tinkers-Evers-Chance of Rivian is, loan retracted, they go down the tubes. Ford ultimately bites the big one due to its over-enthusiastic investment and commitment to electric (including a large stake in Rivian.) Lesson is - Federal Government needs to stay out of technology decisions and let the market sort it out. By placing their thumb on the scales they have led a number of businesses to make poor choices on the balance of evolving technologies.

To: bigbob

Cute how the little rats at CNN imply that they are targeting Rivian because they are a Tesla rival.

5 posted on 12/05/2024 8:51:09 AM PST by iamgalt

To: Wally_Kalbacken

By placing their thumb on the scales they have led a number of businesses to make poor choices on the balance of evolving technologies.

Not to mention the evaporation of taxpayer dollars used to invest in these companies.

6 posted on 12/05/2024 8:52:29 AM PST by 1Old Pro

To: RandFan

I'm sorry but he's right.

Rene Marsh isn't sorry.

She's an attack dog for the Gaslight Media and its Democrat Party partners, and she's got an attack on Vivek and Elon to execute.

Hopefully, Rene loses her job during the coming cutbacks at CNN Propaganda Network and PMSNBC Garbage People Network.

7 posted on 12/05/2024 9:00:57 AM PST by kiryandil (No one in AZ that voted for Trump voted for Gallego )

To: RandFan

Leave it to the corrupt idiots at CNN to approach this as Trump favoring his friend Musk’s company rather than the actual truth of fraud and mismanagement by the Biden administration. CNN should not exist. It is a totally compromised company that is not news but leftist/democrat propaganda.

8 posted on 12/05/2024 9:05:07 AM PST by falcon99 ( )

To: RandFan

There are a number of Rivians in our town.

Kind of makes you wonder how many people can go out and flush $80k down the drain to buy one.

Are they just toys for people with more money than sense?

Asking because IDK.

9 posted on 12/05/2024 9:07:51 AM PST by packagingguy

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