LETTER: Money for nothing

Our government is loaning Ford Motor, Nissan and Tesla Motors a total of $8 billion. Last I knew, Ford is still
Sandusky Register Staff
May 24, 2010

Our government is loaning Ford Motor, Nissan and Tesla Motors a total of $8 billion.

Last I knew, Ford is still American-owned and will receive $5.9 billion for new gas and electric car research.

Last I knew, Nissan is Japanese majority owned and will receive $1.6 billon dollars for their new electric car research.

My understanding is Tesla is from California, ownership unknown and received $465 million for their new electric high-end roadster research.

Wonder where all this electricity is going to come from? Wind, solar, biomass? Certainly not coal or nuclear?

I realize all politics are local but this real time example of politicians spending other peoples money falls into the "dumb and dumber" column.

I'll bet all future unemployment checks that most or all of this $8 billion will be unaccounted for and disappear without traceable results.

Ken Benjamin

Put-in-Bay