Originally Posted by
BurritoBeach
Funny, I thought the same thing. Kind of like France is pushing alternative energy (hydrogen) as a requirement for government aid to the French aerospace industry, I could see some sort of “requirement” to push CARES3 through.
Once this is all behind us and things have settled down, it can (hopefully) quietly be dropped and buried. But for now United gets some press about how great we are and all that.
After the Solyndra debacle, it makes sense for the feds to funnel money into individual ventures via CARES money. That way when it inevitably goes bust, politicians hands are clean. The politics of saving companies is cleaner than starting companies.
A lot of money changes hands through channels you wouldn’t even imagine.
I mean, really, this doesn’t make any sense unless United hopes to profit off this, or is forced to do it. A multi-million dollar investment in unproven technology and regulatory unknowns, when we are on life support from Uncle Sam, is a complete waste of tax payer dollars.