Boycott Watch recently reported how the
U.S. Department of
Energy gave Netherlands-based foreign company Philips Electronics (NYSE: PHG )
$10M of your money to develop a product they will make billions of dollars
on with Chinese manufacturing. Today, we report the same U.S. Department of
Energy gave $1.5M of your money to
Goodyear to develop a
tire product they have the patent on, stand to make billions on, and probably
manufacture the product in China as well.
The story was reported in the
Cleveland
Plain Dealer which once again failed to ask why the U.S. is giving away
money to companies that don't need it while the nation can't pay its own bills.
If you want to know why the nation is in such debt, here is another example.
Does Goodyear need the money? No. In fact, the company should
be embarrassed they are taking the money. The $1.5 Million is a drop in the
bucket for Goodyear, but it is big money to me and you. To make matters even
more insulting to the American people, the
Kokomo
Perspective asked why "Goodyear CEO gets $8.5 million in compensation
despite bad year." Yes, you got it, the American people are doing nothing
but subsidizing the salary of Goodyear's CEO who will make plenty of money on
the dividends of the same invention the US is paying him for. These are your
hard-earned tax dollars being thrown away.
As Boycott Watch President Fred Taub stated in the previous
report, "Americans should be outraged. The U.S. Department of Energy
apparently has nothing better to do than award money to people who don't need
it. This is government waste at its worst. Perhaps we just need to dismantle
the U.S. Department of Energy since it does not act in best interests of
Americans." Fred Taub continued: "The US Government works for us, we
don't work for it. When a department proves it acts irresponsibly, it's time to
fire the department." |
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