Watched the President say he needed billions from off shore drilling to pump up Green Energy. Lets push to change the company name to United States Environmental Corporation and push for reduced carbon emissions.
"The Energy Department doesn't plan to award any more loans from the $25 billion auto loan program created by Congress in 2007, despite the fact that it has $16.6 billion remaining and seven applications pending, a report released Friday said.
The Advanced Technology Vehicle Manufacturing loan program awarded $5.9 billion to Ford Motor Co., $1.4 billion to Nissan Motor Co., and about $500 million to California startup automakers Tesla Motors Inc. and Fisker Automotive Inc. But it hasn't awarded any new loans in more than two years amid controversy over government loans to green energy firms following the collapse of solar panel startup Solyndra LLC. The government withdrew an announced $730 million loan to the North American unit of Russian automaker Severstal OAO for its plant in Dearborn last year........."