Skip to comments.Al Gore wangled $529 million taxpayer loan for electric cars made in Finland
Posted on 10/22/2011 2:07:45 PM PDT by Oldpuppymax
A September item from "Coach is Right" blog, just making news in the "legacy media!"
Just when you thought crony handouts of taxpayer millions couldnt get much worse than the White House managed Solyndra debacle, along comes the story of global warming shyster Al Gore and fledgling, plug-in hybrid car maker Fisker Automotive, Inc.
In 2009, Gore happened to be at an event hosted by the California venture capital firm of Kleiner, Perkins, Caulfield and Byers. Of course, Al happened to be there because he is a PARTNER in the firm.
Well low and behold, Fisker CEO Henrik Fisker just happened to be there too and pitched Gore on the virtues of his 50 mile-per-battery-charged, $89,500 Karma luxury sedan. And Al, we are told, immediately handed Fisker a deposit for a new Karma motor car green, probably.
For as we all know, Gore believes that a global shift of the automobile fleet toward electric vehicles, accompanying a shift toward renewable-energy generation, represents an important part of a sensible strategy for solving the climate crisis. Or so Als spokeswoman says. Later on shell explain how his well publicized fleet of Chevy Suburbans and Tahoes lends itself to that sensible strategy.
Well the Wall Street Journal tells us that Gores venture capital firm of Kleiner, Perkins was already a big investor in Fisker Automotive.
Equally surprising and unexpected is the fact that employees of the firm had donated some $2.2 million to political campaigns, including President Barack Obama and Hillary Clinton.
So when Fisker Automotive applied to the Department of Energy for a loan, in April of 2010 it walked away with $529 million taxpayer dollars, scored from a $25 billion fund Congress had established to help automakers meet legislative mandates for fuel economy.
(Excerpt) Read more at coachisright.com ...
What would we do with all the money WE HAVE EARNED if there were no liberal crooks ??
Now how come this doesn’t surprise me one bit. Thanks for getting this info out!
Produce more wealth and enjoy life as free individuals.
I’m sure Al made a pant load on that deal. He is making Bernie Maddoff look like an amateur.
2007; and just who was the patrician, noblesse oblige, meet-em'-halfway, go-along-to-get-along, RINO dips**t who signed off on that program? Like the light bulb mandate? Like the ethanol mandate? Who, I ask? Who?
On the Crony-Capitalistic scale this Fisker thing appears it may turn out to be one of the lesser offenses.
Adam Carolla drives one....
I wonder how much pollution is created by the power plants providing the electricity for each recharge. Karma is right. What goes around comes around but it's going to need a recharge before it does.
Are you thinking of the passage vote for H.R.6 in 2007?
I know McCain did not vote, yes or no, on that passage.
Who are you thinking of??
We could use a man like Calvin Coolidge again...to paraphrase Archie Bunker.
How do you keep warm in an electric car in Finland? Unless
there is some other source of heat the battery is going to
be dead at about the end of the block.