Skip to comments.Obama Loans Car Company Half a Billion So They Can Builds Cars in Finland
Posted on 10/21/2011 3:35:37 PM PDT by tobyhill
With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work.
Vice President Joseph Biden heralded the Energy Department's $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the job of assembling the flashy electric Fisker Karma sports car has been outsourced to Finland.
"There was no contract manufacturer in the U.S. that could actually produce our vehicle," the car company's founder and namesake told ABC News. "They don't exist here."
(Excerpt) Read more at nation.foxnews.com ...
Well, America really is finished.
Yes, and it may already be too late to save her.
Obama’s just building up his retirement fund, a few billion at a time.
The Congress is as the Roman Senate, obsolete. We have a de facto dictatorship in this country, and when I listen for the sounds of righteous indignation and revolution......I hear.....crickett....crrrrrrrrrrrrrickets.
Even if the company built the cars in America, who is gonna buy $90,000 electric sportscars? How many will they sell to help reduce emissions to help the bogus climategate theory?
If the administration was serious about ‘green’ development then it would be focused on an American version of the Volkswagen—a people’s car and not something for the Jay Leno crowd of wealthy car enthusiasts.