Another Obummer dream car DOA

Greenfail

Fisker electric car, $100,000 retail before the Obummer rich folk’s subsidy, dies on the test track before Consumer Reports can put it through its paces.  Obummer insist’s he’s undaunted; “we’ll just double down on those subsidies,” he vowed. “Michelle really wants of these for the Vineyard this summer and by God, she’ll have one. If it takes five guys to push it around well hell, that’s not a bug, it’s a feature – it’ll be five more “green jobs” I’ve created.”

You remember the Fisker, right? The car that Obummer spent your money on to help out Al Gore and the country of Finland, where the car is built? 

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 company’s manufacturing jobs are still limited to the assembly of the flashy electric Fisker Karma sports car in Finland.

The loan to Fisker is part of a $1 billion bet the Energy Department has made in two politically connected California-based electric carmakers producing sporty — and pricey — cutting-edge autos. Fisker Automotive, backed by a powerhouse venture capital firm whose partners include former Vice President Al Gore, predicts it will eventually be churning out tens of thousands of electric sports sedans at the shuttered GM factory it bought in Delaware.

Don’t hold your breath.

3 Comments

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3 responses to “Another Obummer dream car DOA

  1. AJ

    To encourage business in certain directions with incentives is one thing, but to go beyond that with huge financial grants for instance, well, we’ve seen the results, results like this:
    “Wind farms in the Pacific Northwest — built with government subsidies and maintained with tax credits for every megawatt produced — are now getting paid to shut down as the federal agency charged with managing the region’s electricity grid says there’s an oversupply of renewable power at certain times of the year.” More: http://www.foxnews.com/politics/2012/03/07/wind-power-companies-paid-to-not-produce/#ixzz1ogH11u1g

  2. Peg

    Sure, Christopher. You simply are an evil capitalist who wants to defoul the air and destroy the environment. What’s a few pennies to keep the Earth Safe for the Children?

    And don’t think I forgot you complaining about those lovely $50 lightbulbs, either. I’m going to head on over to Walmart right now to stock up on a couple dozen!

  3. anonabys

    by any other standard its callerd stealing