Posts Tagged ‘Economy’

© The Rooster Crows March 11 2023

Billions handed out to foreign EV companies while Americans Suffer. This time a German company planting its feet in South Carolina.

Scout Motors is a subsidiary of the German multinational automotive manufacturer headquartered in Wolfsburg, Lower Saxony, Germany who had a net income of $15.4 Billion in 2021. The brand Scout will be produced in South Carolina at the cost of all citizens but especially those living in the State and County giving Scout a $1.3 Billion package plus added benefits.

In order to attract a foreign owned $2 billion electric vehicle plant to Blythewood, South Carolina agreed spend $1.3 billion. The Scout Motors also will be given $400 million for site construction as a part of the $1.3 billion package. The deal even includes $16 Million in property acquisition (eminent domain) to connect to the railroad.

The state incentives come on top of:

  1. property tax break and other incentives offered by Richland County. (The company’s property would be assessed at a tax rate of 4%. Per the state Department of Revenue, manufacturing property in South Carolina is typically assessed at rates up to 10.5%. )
  2. The county incentives also include stipends for employees’ child care,
  3. The company also will be able get a further 50% tax break through making investments in infrastructure, a setup known as an infrastructure tax credit.
  4. Receive job development credits, which are awarded for the amount of investment the company will carry out and number of jobs it creates.

During the Obama administration, federal subsidies were being launched to promote electric vehicle expansion. Today, grant and loan programs are in place to promote manufacturing from state and federal programs to expand the availability of charging stations. Individuals can also get a $7,500 tax credit for purchasing a new electric vehicle or a $4,000 credit for a used one with more than $12, 000 credit for EVs made with Union workers.

Federal subsidies for electric vehicles increased to more than $750 Million in 2014. The Obama administration alone pledged $2.4 billion dollars in grants to support the manufacturing and development of electric cars and batteries. In 2021, government approved about US$2 billion in incentives. Michigan passed a US$1.5 billion bill in December 2021 that expanded state incentives, including for EV production.

Since 2002 the EV pioneer Tesla has received the most subsidies at US$2.5 billion. As of Feb 2022:

  1. Ford was next highest at US$1.5 billion, followed by
  2. GM at $1.1 billion.
  3. Fourth on the list is the start-up electric truck company Rivian, which is now set to received more than US$400 million from Georgia to build a new plant in the southern state…. As of Feb 2022.

As the top business owners such as Jeff Bezos, Elon Musk, and Ken Griffin warn of a coming recession in 2023 and layoffs become noticable by Tesla, General Motors, Walmart, and Goldman Sachs, our government Spends our money on the luxury ride of the rich.


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Just think how well we could treat our homeless veterans, our poor, our starving children with All of that money used on an illegal activity by people who arent even suppose to be in this country.

Tax Payers:

According to the Veteran’s Administration “The majority (62%) of homeless Veterans are staying in sheltered locations. However, concerningly, 38% are staying in places not suitable for human habitation.”.


Top 10 Highest Illegal Immigration Costs By State, according to World Population Review: -California–$21.76 Bn -New York–$9.48 Bn -Texas–$8.88 Bn -Florida–$5.46 Bn -Illinois–$4.59 Bn -New Jersey–$3.48 Bn -Arizona–$2.57 Bn -Georgia–$2.40 Bn -North Carolina–$2.06 Bn –Virginia–$1.91 Bn

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Regulations impact the ways in which businesses report income and pay taxes. Regulations are created through the Presidential Cabinet under laws created by Congress. The current President has the ability but for some reason does not Tax the Rich. “Tax the Rich” is nothing but a campaign slogan and not a real actionable cause in the world of economics.

“Tax the Rich” has been implemented by this administration by the tune of 87, 000 IRS agents to tax the “rich” in friends, family, and honesty.

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August 29 2022

By Kimberly Mann

The USA has already discharged more than $25 Billion in predatory student loans as of June 2022.  When lenders loan upon illegal methods, the taxpayer doesnt pay.  The company responsible pays.

According to the Department of Education in June 2022: “Today’s action brings the total loan relief…. to $25 billion since January 2021.” This was part of the predatory lending that Corinth “engaged in widespread and pervasive misrepresentations related to a borrower’s employment prospects, including guarantees they would find a job. ”

The Biden adminstration is posturing to discharge $300 Billion more in students loans that were not part of any predatory lending scheme. This action, if found legal will land squarely upon taxpayers while credit companies, if commercially held federal loans are eligible, will have those loans repaid without question avoiding all bankruptcies negotiations of citizens.

The student loan discharge was a result of criminal activity. The current suggested loan discharge by the Biden Administration will be legally tested in the supreme court as was the vaccine mandates and eviction moratorium, both struck down. Three Strikes in the Supreme Court?

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August 21 2022
By Kimberly Mann

Just after the CDC relaxes Covid 19 guidelines for quarantine periods, we have a new Bill in the mail for the Covid Emergency not just for the USA but for the world, $5 BILLION, as food and housing insecurity rises among our taxpaying citizens who pay for this Bill.

More Foreign Aid: The bill also provides $5 billion in emergency funding to support the global response to the COVID-19 pandemic.

“On 07.28.22 Senators Leahy, Murray, Coons Introduce $21 Billion Emergency Supplemental Appropriations Bill To Address The Ongoing COVID Crisis And Other Emerging Diseases

The bill provides $16 billion in emergency funding through the Public Health and Social Services Emergency Fund (PHSSEF), including:

$9 billion to the Biomedical Advanced Research Development Authority for advanced research and development, manufacturing, production, purchase, and distribution of medical countermeasures against COVID-19 including vaccines, therapeutics, tests, diagnostics, and medical products and supplies;

$6.25 billion in flexible funding to allow the Department of Health and Human Services to purchase and distribute vaccines, therapeutics, and diagnostics to ensure a sufficient supply to meet demand if and when a new variant or surge of infections emerges; and

$750 million for research and clinical trials for vaccines focused on emerging coronavirus strains and to support domestic manufacturing capacity.

The bill also provides $5 billion in emergency funding to support the global response to the COVID-19 pandemic.”

Coincidentally and somewhat strangely, The Department of Health and Human Services will hold a planning session on Aug. 30, the Wall Street Journal reported, to bring together representatives from the health care industry as well as state health departments, to discuss the commercialization of COVID-19 treatments shifting payments to insurers and individuals.

In other words, the government is Not going to pay for vaccines and tests past this fall but wants Billions to do so. Wonder where that $21 Billion is really going to be spent.

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