"If you want the victims of gun crime to be able to sue the gun makers for damages, then let us also allow the victims of drunk driving accidents to sue the car makers and distilleries as well. While we are at it, revoke the special protection granted to vaccine makers that was passed as part of the Homeland Security Act so that people who are actually harmed by poorly made vaccines can sue the pharmaceutical companies. And, given that at least 90% of these mass shootings were committed by people either on or withdrawing from prescription anti-depressants, the victims of those shootings should be allowed to sue the pharmaceutical companies as well. Let's sue the makers of kitchen cutlery for every stabbing death. Let's sue the makers of sporting equipment for every victim beaten to death with a baseball bat, and tool companies for making the hammers used on bludgeoning deaths as well. The family of everyone who dies by electrocution should be allowed to sue the electric company. The family of everyone who dies in a fall should be allowed to sue the makers of ladders and staircases. The family of everyone who commits suicide by hanging should be allowed to sue the rope companies. " -- Michael Rivero

Bidgear ad

 

 

stories

Today, the world is dominated by ultra-powerful governments, ultra-powerful banks and ultra-powerful corporations.

Tags: CURRENT EVENTS, ECONOMY, POLITICS/ ELECTIONS/ CORRUPTION

I never imagined that we would ever see a time when it takes $177,798 for a family of four to live comfortably in the United States.  Unfortunately, that day has arrived.  Our leaders…

Tags: CONSUMER RIGHTS / PRODUCT REPORTS, CURRENT EVENTS, ECONOMY, POLITICS/ ELECTIONS/ CORRUPTION

The net result is America’s working class is up against the wall, maxed out: whatever lines of credit that were available have been tapped (credit cards, “buy now, pay later” credit, etc.)…

Tags: CONSUMER RIGHTS / PRODUCT REPORTS, CURRENT EVENTS, ECONOMY
Many outside the creator world also wonder if this is just the beginning of a bigger crackdown on gun content on the video-sharing platform.
Tags: COMPUTERS/INTERNET/AI, RIGHT TO BEAR ARMS
The ninnies of Bidenworld seem to not understand that by subjecting Mr. Trump to a kangaroo court they’ve made him the kind of outlaw that Americans revere above every other archetypal hero.
Tags: CURRENT EVENTS, POLITICS/ ELECTIONS/ CORRUPTION

Two Chicago men, Kawann Moore and Richard Pegue, face multiple charges after stealing chainsaws from a truck and leading police on a high-speed chase through the suburbs.

Tags: RIGHT TO BEAR ARMS

As the political climate heats up surrounding gun control and legislation, more Americans are buying firearms today than six years ago.

Tags: CURRENT EVENTS, RIGHT TO BEAR ARMS

They knew what we are experiencing today was inevitable. That government naturally evolves to seek unbridled growth and total power over the people.

Tags: COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, DICTATORSHIP, POLITICS/ ELECTIONS/ CORRUPTION

Maybe we should rephrase the slogan to you’ll appear to own things you don’t actually control and be happy. Does that generate the…

Tags: CONSUMER RIGHTS / PRODUCT REPORTS, COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, DICTATORSHIP

I have a great idea.  Let’s wildly print money, let’s systematically destroy the reserve currency of the globe, let’s add a trillion dollars to the national debt every 100 days, let’s…

Tags: ECONOMY, POLITICS/ ELECTIONS/ CORRUPTION

This is a very bad time for those that work in the real estate industry.  Thanks to the Federal Reserve, mortgage rates are much higher than they were a couple of years ago, and this has…

Tags: CONSUMER RIGHTS / PRODUCT REPORTS, ECONOMY

This incident highlights the importance of responsible firearm ownership and the role it can play in personal and community safety.

Tags: RIGHT TO BEAR ARMS

Humanity’s best bet for success is liberty with responsibility, free markets and meritocracy. All things we are trying to preserve, and all things that leftists want to blow up.

Tags: CURRENT EVENTS, POLITICS/ ELECTIONS/ CORRUPTION

Is the U.S. economy really turning around? If you ask a small business owner, the answer is still no. One in four female small business owners has taken a pay cut in the past year, a new survey…

Tags: ECONOMY
Regardless of one’s view of Donald Trump, it is a disturbing development in our society when justice is treated more like a football game where you root for your “team” rather than a way of…
Tags: POLITICS/ ELECTIONS/ CORRUPTION
These freaks are playing chicken with armageddon weapons, and nobody’s got a foot anywhere near the brake pedal. They’re not even looking at it. They’re not even thinking about it.
Tags: RUSSIA/ UKRAINE /BELARUS /CRIMEA, WMD
Corporate journalists have developed a specific set of rules that are used only when they write about guns or gun rights.
Tags: CORPORATE MEDIA, COVER-UP/ DECEPTIONS/ PROPAGANDA, RIGHT TO BEAR ARMS

According to FBI records from the National Instant Background Check System (NICS), April 2024 was the fifth highest on record for gun sales and background checks for that month.

Tags: CONSUMER RIGHTS / PRODUCT REPORTS, CURRENT EVENTS, RIGHT TO BEAR ARMS

From this standpoint, America’s National Debt challenge constitutes a political iron cage for Democrat and Republican legislators alike.

Tags: CURRENT EVENTS, ECONOMY, POLITICS/ ELECTIONS/ CORRUPTION

Remember all the collusion stories we wrote about the Federal Bureau of Investigation (FBI) and its efforts to control free speech through social media infiltration?

Tags: COMPUTERS/INTERNET/AI, COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, DICTATORSHIP, POLITICS/ ELECTIONS/ CORRUPTION

One very important argument Gun Owners for Trump cannot over-emphasize is that the president makes federal court nominations, including the Supreme Court, where vacancies are almost certain to…

Tags: RIGHT TO BEAR ARMS

When I was a kid, my father insisted I follow the Four Rules with even toy guns.

Tags: CORPORATE MEDIA, COVER-UP/ DECEPTIONS/ PROPAGANDA, RIGHT TO BEAR ARMS
Even though economic conditions are still at least somewhat relatively stable, chaos is already erupting all around us. -- I can’t even imagine what things will be like once tens of millions of…
Tags: CURRENT EVENTS, ECONOMY
Thankfully, in Florida the Second Amendment isn’t treated as a second-class right or a privilege to be doled out by the State...
Tags: RIGHT TO BEAR ARMS
To those at the bottom of America’s economic pyramid, it feels like the economy has already collapsed. When you can’t afford to put a roof over your head and you barely have enough food to eat,…
Tags: ECONOMY

Historic inflation is causing declining living standards and a cost-of-living crisis. Under Biden’s presidency, grocery prices have increased by nearly one-third and gas has risen by 50…

Tags: CONSUMER RIGHTS / PRODUCT REPORTS, CURRENT EVENTS, ECONOMY, POLITICS/ ELECTIONS/ CORRUPTION

Under Biden, gun control has been an issue since before he was sworn into office in 2021.

Tags: CURRENT EVENTS, POLITICS/ ELECTIONS/ CORRUPTION, RIGHT TO BEAR ARMS

There’s no effort to track patterns. Even if there were, finding where a gun was originally purchased is only useful, at best, in a handful of cases.

Tags: COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, RIGHT TO BEAR ARMS

Analysis and breakdown of the themes and ideas that make Falling Down such a fascinating movie, and even more relevant today than it was in 1993. Analysis by…

Tags: COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, ENTERTAINMENT, POLITICS/ ELECTIONS/ CORRUPTION

President Joe Biden has done everything he can to foist gun control on the American public, whether anyone wanted it or not.

Tags: RIGHT TO BEAR ARMS

YouTube's excuse for behaving this way is that it simply wants to help it users "learn about the issues shaping the debate." In order to do that, one component of the effort involves "dealing with…

Tags: COMPUTERS/INTERNET/AI, POLITICS/ ELECTIONS/ CORRUPTION

We assume that, because we were allowed to vote for our leader, he must actually be our leader.

Tags: COVER-UP/ DECEPTIONS/ PROPAGANDA, CURRENT EVENTS, DICTATORSHIP, POLITICS/ ELECTIONS/ CORRUPTION

Consumer sentiment, a gauge of Americans’ economic perceptions, is at a six-month low, according to a closely watched index by the University of Michigan.

Tags: CONSUMER RIGHTS / PRODUCT REPORTS, CURRENT EVENTS, ECONOMY

Rafah Invasion: Everything that’s happened so far

Israel began its invasion of Rafah, ordering the evacuation of hundreds of…
Tags: CORPORATE MEDIA, COVER-UP/ DECEPTIONS/ PROPAGANDA, IRAN, ISRAEL, LEBANON, MIDDLE EAST, PALESTINE, TORTURE/ WAR CRIMES, WAR/DRAFT/ VETERAN AFFAIRS, WHITE HOUSE, WMD

Authored by Mark Glennon via Wirepoints.org,

At $1.5 million per job, this new incentive package from the state is at least 15 times the norm. For this much money, the state could have just handed out a million bucks to 827 people, instead of creating 550 jobs.

Gov. JB Pritzker announced Thursday that the State of Illinois will provide an $827 million incentive package for Rivian to invest $1.5 billion to expand its electric vehicle factory in Normal, Illinois. The expansion is expected to create at least 550 full-time jobs within the next five years, and will build Rivian’s next model EV, the R2. Rivian initially got $49.5 million under Gov. Bruce Rauner in 2017 to create 1,000 jobs at the same location.

The new deal gives $1.5 million per job created, which is astronomical in the world of location incentives. Estimated average location incentives paid by state and local governments around the nation range from $13,000 to $84,000 per job, though sometimes go as high as $100,000 per job for capital intensive projects. Even using that high end, Rivian’s package will be 15 times what’s typical.

Moreover, Rivian is on shaky wheels, along with the rest of the U.S. EV industry. Rivian loses over $43,000 for every vehicle it sells and has had two rounds of layoffs this year. The decision to move its R2 production to Illinois is a further reflection of the company’s need to preserve cash. R2 production was initially planned for a new $5 billion plant in Georgia, heavily subsidized by the state. But Rivian concluded that moving production to the existing Illinois facility would save cash.

Its stock price has consequently been hammered. It reached a high of $172 per share in 2021 but now trades at less than $10 per share.

Rivian is not alone. As a CNBC headline recently declared, “EV euphoria is dead. Automakers are scaling back or delaying their electric vehicle plans.” Since then, the news is no better. Ford announced last week that it is losing a stunning $132,000 per vehicle. Hertz announced last week a second round of sales of its EV fleet due to heavy maintenance and depreciation costs. For the first quarter of this year, EV sales continued to slow and the share of EV sales for all autos actually decreased. While total EV sales are still up a bit from last year, the growth rate is not nearly enough to put EV makers on a path to profitability.

EV makers pin their hopes on less expensive models that they promise soon, and on more public charging stations, into which Illinois last month announced it would invest an additional $50 million. Rivian hopes its new R2 will be among the new, lower priced models. However, its starting price is expected to be about $45,000 and it won’t come out until the first half of 2026.

Regarding the astronomical incentive package to be paid by Illinois, in fairness, it should be noted that most of it is in the form of tax credits to be granted over the next 30 years. They are available on condition that the company retain 6,000 already existing jobs. However, the fact remains that just 550 new jobs are to be created, and incentive packages like this are not supposed to be payoffs for merely standing still. And a less charitable way to look at it would be that future taxpayers will be on the hook for the high cost of the incentive package — if it works.

Aside from thinking that the incentive package is too low, my first instinct was to ask, “Where’s the warrant coverage.” That is, I know from working as a lawyer and then as an investor, often with troubled companies, that it’s not unusual to make risky bets. However, it’s routine for the investor to get part of the upside if the venture succeeds, usually in the form of stock or warrants (basically, options) on stock that pay off nicely if things turn around. The federal government, for example, got stock and warrants as part of the deal for its 2010 bailout of the auto industry.

This new Rivian deal has nothing like that. Since the job creation per dollar is minimal, it’s just not worth the price.