Elon Musk is known as a bigtime Barack Obama donor, and he is hoping he will get his money’s worth. Musk thinks (hopes? knows?) that government largesse for electric cars will continue unabated during the second term.
“I think that we can expect at least that things will continue as they have,” Musk told Reuters. “I wouldn’t expect it to get any worse for electric vehicles, hopefully it will get a little better.”
Not surprisingly, Musk also is for raising the federal tax credit for electric cars to as much as $10,000. Tesla received a $465 million loan from the U.S. Department of Energy in early 2010.
Sure, why not? “Mandate” to give more borrowed dollars to big campaign donors. “Mandate” to build more cars Americans won’t buy. “Mandate” for further bailouts for companies stuck with cars they cannot sell.
If the stakes weren’t so high, it would be tempting to tell John Boehner to just go on and do what he really wants to do — and give President Obama everything he wants. Boehner would be relieved of the duty of having to stand for something, and Obama would be burdened with his own addenda, like throwing a drowning man an anvil.
However, we are talking the real economy and real lives and really shattered hopes and dreams of millions of real Americans. It seems petty to chuck them whole in the lefty blender just to prove a point.
But, man, is it ever tempting.