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Weezie Proud Resister @itsweezie.bsky.social
Jul 8, 04:36 PM

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🎤 Whisper Transcript (en) ⏱ 172s

"The biggest surprise you'll ever experience about Elon Musk isn't learning how he became the world's richest man. It's discovering who Congressman Ro Khanna says helped make it possible. Most people think Tesla survived because of one visionary entrepreneur. But according to Ro Khanna, that story leaves out one critical chapter. Obama made Elon Musk. That's not exaggeration. I was in the Obama administration. They gave him a loan of hundreds of millions of dollars for Tesla. Tesla was going bankrupt. And Anna Ash, who is no longer in Congress, who represented Palo Alto, will tell you that Elon Musk used to call her every week begging her, can you please do something from the Obama administration? I'm going to go bankrupt. Literally used to call this member of Congress. So Obama gives the loan. There's a mistake made when we gave that loan. One, we didn't require him to have labor neutrality. So he builds Tesla without union labor. That was a mistake. And that we did not take some share, some part of Tesla for those loans. And so he builds all this wealth on the backs of taxpayers. And he acts like he's totally self-made. But that's only the beginning. Khanna says taxpayers didn't just help save Tesla. They never received a fair return for taking that risk. He argues the government made two costly mistakes. First, it didn't require labor neutrality, allowing Tesla to grow without union labor. Second, it didn't negotiate an ownership stake in the company. Imagine if American taxpayers had owned even a small percentage of Tesla. How much would that investment be worth today? If you're enjoying this breakdown, I have one quick favor to ask. Please take a second to follow U.S. news clip, subscribe if you haven't already, tap that like button, save this video so you can come back to it later, and share it with your friends and family. Your support helps us continue bringing you the stories that shape our country. Khanna goes even further. He says SpaceX also benefited from government decisions, arguing that former defense secretary Ash Carter helped the company secure defense contracts that might otherwise have gone to established aerospace firms. His broader point isn't that Elon Musk lacks talent. It's that many of America's greatest technology companies were built on foundations created by public investment, from government research to taxpayer-backed financing. So when people say government creates nothing and billionaires create everything, Khanna says that's simply not the whole story. His argument raises a bigger question. If taxpayers help build companies that become worth hundreds of billions of dollars, should taxpayers share in the upside, or is government support simply part of encouraging innovation? Where do you stand?"

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Weezie Proud Resister @itsweezie.bsky.social · Jul 7, 12:17 AM

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