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Obama Loans Car Company Half a Billion So They Can Builds Cars in Finland
Fox News ^ | 10/21/2011 | Matthew Most, Brian Ross, and Ronnie Greene

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 ...


TOPICS: Extended News; News/Current Events
KEYWORDS: finland; fisker; karma; moneylaundering; obamadepression; obamarecession; solyndra

1 posted on 10/21/2011 3:35:40 PM PDT by tobyhill
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To: tobyhill

Was it one of his personal checks?


2 posted on 10/21/2011 3:37:27 PM PDT by petitfour
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To: tobyhill

They should call it the “Fleecer”


3 posted on 10/21/2011 3:39:39 PM PDT by wildbill (You're just jealous because the Voices talk only to me.)
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To: tobyhill

Monty Python: Finland
Finland, Finland, Finland,
The country where I want to be,
Pony trekking or camping,
Or just watching TV.
Finland, Finland, Finland.
It’s the country for me.

You’re so near to Russia,
So far from Japan,
Quite a long way from Cairo,
Lots of miles from Vietnam.

Finland, Finland, Finland,
The country where I want to be,
Eating breakfast or dinner,
Or snack lunch in the hall.
Finland, Finland, Finland.
Finland has it all.

You’re so sadly neglected
And often ignored,
A poor second to Belgium,
When going abroad.

Finland, Finland, Finland,
The country where I quite want to be,
Your mountains so lofty,
Your treetops so tall.
Finland, Finland, Finland.
Finland has it all.

Finland, Finland, Finland,
The country where I quite want to be,
Your mountains so lofty,
Your treetops so tall.
Finland, Finland, Finland.
Finland has it all.

Finland has it all


4 posted on 10/21/2011 3:40:23 PM PDT by dfwgator
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To: tobyhill
"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."

Appropriate when you think about it since the same could be said of potential "customers" for these stupid little toy cars.

5 posted on 10/21/2011 3:41:32 PM PDT by ElkGroveDan (My tagline is in the shop.)
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To: tobyhill

These people can rip off the taxpayer half a billin dollars at a time, and we barely blink. Eric Holder was right.


6 posted on 10/21/2011 3:54:59 PM PDT by ngat
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To: tobyhill

“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.”

Great racket. Get a US gov. loan to build an electric car from the idiots here and then claim “there are no factories to build it here”, then outsource it oversees.


7 posted on 10/21/2011 4:04:06 PM PDT by headstamp 2 (Time to move forward not to the center.)
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To: tobyhill

Does this make me a Finnish-American?


8 posted on 10/21/2011 4:05:25 PM PDT by Gator113 (~ Just livin' life~........ leaning heavy for Newt 2012)
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To: Gator113

I sure hope they can Finnish building those cars quickly....and the cars have a nice, shiny Finnish on them.


9 posted on 10/21/2011 4:07:18 PM PDT by dfwgator
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To: tobyhill

The loan should immediately be rescinded for breach of contract.

Maybe the idiots looking at the company for a loan approval should have required some type of presentation whereby, oh I don’t know, ACTUALLY SEEING A DAMNED FACTORY FIRST.


10 posted on 10/21/2011 4:07:24 PM PDT by headstamp 2 (Time to move forward not to the center.)
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To: headstamp 2

Why can the government loan out money it does not have? In many states, the govt cannot even extend its credit rating to a private company. The US govt sets its credit rate, borrows the money from future borrowing, then gives it to a company not bound by American rules or laws. This is pitchfork sharpening stuff. No election of a new President will fix what is wrong with the R/D monopoly. Only a reset to the original principles of the Constitution will do.


11 posted on 10/21/2011 4:08:22 PM PDT by runninglips (Republicans = 99 lb weaklings of politics.)
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To: tobyhill

Does anyone believe for one minute that Fisker didn’t know there was no ‘facility here in the USA’ that could produce his cars BEFORE he got the loan.????

It just gets worse & worse.

Criminal indictments have to come SOON.


12 posted on 10/21/2011 4:20:14 PM PDT by ridesthemiles
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To: tobyhill
Finland is a small country, smaller than Montana, and with a population of 5 1/4 million people - just a few more than Colorado...

The USA is a country of over 300 million people and the most highly developed country in the world...

...and these people expect us to buy the story we can't find someplace in America to manufacture these vehicles?

13 posted on 10/21/2011 4:21:42 PM PDT by Gritty (There's no other way to say it... (Obama is) an enemy within - Matt Barber)
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To: tobyhill

Four words....

Democrat....Money....Laundering...Scheme


14 posted on 10/21/2011 4:33:12 PM PDT by bushbuddy
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To: wildbill

I could kinda get on board with this project if it put Americans to work—but not if its being built in another land. Why should American money be spent to put Finns to work? Why couldn’t it be built here? We have enough closed factories and skilled labor? Sounds corrupt to me.


15 posted on 10/21/2011 4:46:16 PM PDT by Forward the Light Brigade (Into the Jaws of H*ll)
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To: tobyhill

Obviously they’re lying.
The Detroit area has many prototype / low production outfits.
That’s where the US automotive infrastructure is located.


16 posted on 10/21/2011 4:54:37 PM PDT by nascarnation (DEFEAT BARAQ 2012 DEPORT BARAQ 2013)
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To: tobyhill
"Lending" (giving away) taxpayer money to a company on a 'hope and a prayer'
17 posted on 10/21/2011 4:57:32 PM PDT by LibFreeUSA (Pick Your Poison)
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To: tobyhill

Where the Hell is our congress? I thought they controled the purse strings!


18 posted on 10/21/2011 5:00:36 PM PDT by jeffDavis1861 (iRELAND)
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To: tobyhill

I’d think the UAW would be furious yet all we hear are crickets ...


19 posted on 10/21/2011 5:21:13 PM PDT by NonValueAdded (So much stress was put on Bush's Fault that it finally let go, magnitude 6)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...
Relax, it's a loan guarantee. So, only in the unlikely event that the company goes under, we taxpayers would have to pay. And Obama's gang of criminals will only receive about half of the money in the form of kickbacks. Thanks tobyhill.
20 posted on 10/21/2011 5:22:00 PM PDT by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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To: Gator113
Does this make me a Finnish-American?

Well, America really is finished.

21 posted on 10/21/2011 5:28:40 PM PDT by Cobra64 (Too many people are incapable of critical thinking. Common sense isn't common anymore.)
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To: ridesthemiles
Chryslers to Rickshaws-1sm
22 posted on 10/21/2011 5:30:12 PM PDT by BobP (The piss-stream media - Never to be watched again in my house)
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To: Cobra64

Yes, and it may already be too late to save her.


23 posted on 10/21/2011 5:42:22 PM PDT by Gator113 (~ Just livin' life~........ leaning heavy for Newt 2012)
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To: bushbuddy

Obama’s just building up his retirement fund, a few billion at a time.


24 posted on 10/21/2011 6:07:56 PM PDT by AZLiberty (No tag today.)
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To: jeffDavis1861

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.


25 posted on 10/21/2011 6:52:42 PM PDT by runninglips (Republicans = 99 lb weaklings of politics.)
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To: Forward the Light Brigade

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.


26 posted on 10/22/2011 10:01:09 AM PDT by wildbill (You're just jealous because the Voices talk only to me.)
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