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Joe Biden is in Michigan today, reportedly to announce the first round of $2B in battery grants.  (Source: The Weekly Standard)
Grants bring good news to state's troubled economy

Michigan is among the states that has been hit hardest by the recession.  The government went to extreme measures to keep the state's economy from collapsing, including assuming majority ownership of GM and propping up Chrysler through bankruptcy.  Now the federal government is preparing to reach deeper into its pockets to help the state out even more.

Vice President Joe Biden is in Michigan today at the NextEnergy Center in Detroit.  He is reportedly going to announce the first round of $2B USD in Department of Energy battery grants.  The grants should boost the state's economy and help develop better electric vehicles, currently favored as the future of the car industry by the domestic automakers.

The federal government is also separately loaning money to battery manufacturers under the $25 billion Advanced Technology Vehicle Manufacturing Incentive Program (ATVM).  Among the battery manufacturers that applied for that loan are A123 Systems, EnerDel, and Compact Power.  Thus far Ford, Nissan, and Tesla Motors received ATVM loans.  It is unknown who the grants will go to, but A123 Systems, EnerDel, and Compact Power seem like leading candidates.

Ed DeSeve, the president's special advisor on the stimulus program, had stated about on July 21, "I think you'll see over the next week or so ... some industrialization focus, for example, on the battery grants that are coming.  It makes sense to put those in places where there is productive working capacity -- people who can do the jobs. There are plants where the jobs can exist, and I think you are going to start to see more and more of that over time."

The ATVM loans must be repaid eventually by automakers and battery makers.  However, the DoE grants do not have to be repaid.  Michigan has also offered battery makers some big tax cuts in hopes of luring business into the state.

A limited amount of tickets to Mr. Biden's appearance have been offered to the public on a first-come-first-serve basis.



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RE: Michigan
By mdogs444 on 8/5/2009 12:43:40 PM , Rating: 1
quote:
You are acting like there have never been any corrupt republicans in office.

Nonsense. I never said such a thing. However, you need to realize that metro areas and states with high unemployment, high taxes, and high minority populations are dominate by Democrats. There is no disputing that.

That' precisely why you're more inclined to hear about a dirty democrat politician from Detroit or Chicago than you a republican from some skant town in Arkansas.


RE: Michigan
By Murst on 8/5/2009 1:00:51 PM , Rating: 1
I guess I don't follow your logic...

By your logic, one or more of the following leads to "dirty democrat politicians"...

1. high unemployment
2. high taxes
3. high minority populations

What exactly do you find in those factors that leads you to that conclusion?

I was always under the impression that the likelyhood of corrupt politicians is about equal across party lines. The fact that most of them come from large cities (vs places like Arkansas or the Dakotas) is because there is a much larger number of these politicians in those areas vs the remote, rural areas. Thus the probability of a corrupt politician coming from a major metro area is much greater, simply due to the fact that there is more of them, whether they be democrat, republican, or something else.


RE: Michigan
By MrPeabody on 8/5/2009 1:42:08 PM , Rating: 2
I think you're doing mdogs444's point a disservice by mixed up the cause and effect in your interpretation.

quote:
By your logic, one or more of the following leads to "dirty democrat politicians"...

1. high unemployment
2. high taxes
3. high minority populations


I think the point was not that 1, 2, or 3 leads to "dirty democrat politicians". I think mdogs444 was leaning more towards the idea that "dirty democrat politicians" lead to 1, 2, or 3.

I'm not sure how correct that is. At the very least, I'm sure it's not nearly that simple. However, there certainly are quite a few examples that fit this particular bill.


RE: Michigan
By mdogs444 on 8/5/2009 3:01:39 PM , Rating: 2
Thanks for elaborating for me Mr Peabody. I'm glad someone was able to understand what I was trying to say.


RE: Michigan
By knutjb on 8/5/2009 4:47:33 PM , Rating: 2
I saw it too and to provide another example: look at California, same issues, different industries. That state has been controlled by democrats in the legislative branch, the ones who write the laws, since before Reagan was governor. Though Reagan left a massive surplus for Jerry Brown to squander away on ineffective social programs.

Their over-taxing has sent their industrial base either to other states, i.e. Nevada and Texas, and other countries eliminating those who pay the states bills at an alarming rate, leaving it for those who don't. If illegal aliens paid so much in taxes, California would be drowning in money, not debt.


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