Ford Gets 9.2 Billion Bailout errrr Loan
This is just crazy stuff right here. I suppose the utility companies will be receiving their bailout loans soon to build green power generator plants? The cart is ahead of horse as usual. Link
Forum Discussion
StonedPanther wrote:propchef wrote:
Direct oil and gas subsidies are far greater than $2b.
Huh?, the number is 9.2 Billion.
"The United States provides a number of tax subsidies to the fossil fuel industry as a means of encouraging domestic energy production. These include both direct subsidies to corporations, as well as other tax benefits to the fossil fuel industry. Conservative estimates put U.S. direct subsidies to the fossil fuel industry at roughly $20 billion per year"
Wonderful. So they handout a subsidy to one corporation worth almost 50% of the subsidies handed out to an entire Industry which is hundreds of times larger? That's great...................for someone, the average taxpayer not so much.
Read that again.
If you're OK with $20bb in subsidies for oil (that makes record profits every year) you should be OK with $2b to save jobs.
