Obama Admin Gives Half-Billion-Dollar Loan To Gore-Connected Electric Car Company To Build Cars In Finland…
This is the same company whose electric car’s MPG is worse than a SUV.
(ABC News) — 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.”
Henrik Fisker said the U.S. money so far has been spent on engineering and design work that stayed in the U.S., not on the 500 manufacturing jobs that went to a rural Finnish firm, Valmet Automotive.
“We’re not in the business of failing; we’re in the business of winning. So we make the right decision for the business,” Fisker said. “That’s why we went to 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. And Tesla Motors, whose prime backers include PayPal mogul Elon Musk and Google co-founders Larry Page and Sergey Brin, says it will do the same in a massive facility tooling up in Silicon Valley.
Posted by ZIP on Thursday, October 20, 2011, at 9:37 pm | 
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Why are we ‘Stimulating’ the Finns?
If Al Gore is worth 100+ million dollars, then how much of his own money was invested in this project?
This is just wrong on so many levels. And the sad thing is, we have known about this impending Fisker deal for months and nobody in Congress (rhinos, are you listening?) did a darn thing to stop it!
Presidential theft!! The Finns are complete lefty islam lovers and therefore fulfil the international communist rules!! Check out tundra tabloids.com for details.
Money laundering at it’s finest! Wonder how much they will give O’Bie for his dictatorship ..ah re-election!
Why are the Republicans keeping quiet about all of this?
Is it still because Obama is 1/2 black?
The politicians we rely on to follow the rule of law are afraid of the guy who is taking us down the road to serfdom.
Gutless wonders – all of them.
It never ends.
Foreigners doing jobs American workers won’t do – paid for by the American taxpayer. Making a $96,000 car.
Is it too late to change this corrupt deal?
Must be nice to be “the One”…
Impeach this fuck. This is wrong and everyone knows it.
Hey! Plugs Biden!
How many rapes will these cars prevent?
This IS wrong on so many levels. Where ARE the Republicans? WHY are they silent on this?
WHO will stand up for the American people?
This President and that con-man next to him are about as corrupt as they come. Let’s be honest, this waster and chief could care less about helping out with jobs in America. The cronyism is out of control.
Plunder-2 money plundered from pension funds: steal, purloin, thieve, seize, pillage; embezzle, and babies not even born yet.
We have a Speaker of The House who has a drink in one hand and a golf club in the other. I hope God is keeping score.
The Congress has gone “Bare Butts Up for Bare rock” Placing their lips on his posterior is all that matters. What Oath of Office?
The Crazed Sex Poodle Strikes again…. God Help Us……
What’s in it for Tipper?
Unbelievable. A Finnish Solyndra!
Someday, there will be an outcry of Americans that will make the “Occupy” movement look like a momentary hissey fit.
The title caption sucks….
Obama doesn’t “give” anything that he has not stolen from the People in the first place.
The time that our government thinks it’s their money MUST come to an end.
Someone call Biden, the American taxpayers just got raped.
Impeach. This. Bastard. Now.
If we could harness all that HOT AIR then AL GORE would be very usful
Redefining cronyism one eco project at a time.
IMPEACH OBAMA! It’s time – we can’t wait until the election – the country will be broke! (Oh and while we’re at it can we please put Algore in exile!)
And what are the precious 99%ers saying about this? Jobs being sent overseas about the same time the ink on the check dried. Are there no contractual strings associated with this money? When they default, will Al Gore get paid first?
Questions that need answers.
Hey, that OUR money!!! Give it back!!!
Damn Al Whore!
Just had to let that out.
This poor excuse for a human being needs to be arrested for high crimes and misdemeanors NOW!!!
I saw the Kharma on the ‘Car Show’ on Speed. It got pretty good reviews for style and comfort. It actually is a really cool looking car with lots of extras including the largest sunroof made on any car foreign and domestic. I just think the government picking winners and losers when it comes to handing out cash is totally wrong.
The lousy, overhyped Fisker Karma gets worse MPG (MPGe) than an SUV: http://www.forbes.com/sites/warrenmeyer/2011/10/20/update-fisker-karma-electric-car-gets-worse-mileage-than-an-suv/
Why the fuck our our tax dollars being used to develope a car that isnt even marketed here? Retorical question, I know. But still…
I like the car, but I sure dont want my dough being used to underwrite it.
This car has had flashy ads in Architectural Digest magazine for months. Wonder if my hard earned dollars paid for that as well? Damn these people. Stop spending my money!
This BS has been exposed.
We need a Congressional investigation, but we all know that will never happen.
Call your Congress clown and demand our money back!
algore needs a hot lead injection
Time to shut down the energy department. Could you imagine the outrage if this had been done by a republican administration?
This is a direct result of not having a functioning free press as envisioned by our founding fathers. I know I am stating the obvious but the commiecrats have co-opted all of the major media organizations making them mere appendages of the Commiecrat Party and Agenda. The result is major crimes are being committed by Obuttma and his thug cohorts without any fear of being held accountable or suffering any kind of punishment. Quite the opposite they are enriching themselves from their felonious behavior at the expense of their fellow citizens.
One of the main goals of restoring our Republic has to be the breaking of the iron fisted Commiecrat grip over the media and transforming it back into a free, investigative vehicle of the truth.
Love!! the Pic!! : )!!
What a Lovely Couple, a Match made in Hell
Every dollar the government puts into building a electric car is wasted money
The automotive industry has no interest in building a “good” electric car, they
make good money on parts, as does the government and electric cars generally don’t need parts, in fact anyone with basic knowledge of electricity could build a better car than those beening produced.
In fact they are ass raping the public,heres a typical high dollar “high” tech balm to ignorant green zealots.
“Electric fuel station” company gets millions of $$$
http://green.autoblog.com/2008/06/23/electric-fuel-station-company-gets-millions-of/
Want to charge an electric car, use the same tech that is used to detect your
car at a stoplight, induction, you could drive down a charging lane on a highway at 60 mph and charge your car at the same time.
Build it useless, build it expensive. and get the public to pick up the tab.
in order to compare apples and apples with electric vehicles published MPG to account for the energy necessary to charge these vehicles,
Multiply the mpg by .365 to get an accurate measure of comparison
I’m just going to repeat this:
Sickofobama says:
October 20, 2011 at 9:53 pm
Why are the Republicans keeping quiet about all of this?
Is it still because Obama is 1/2 black?
The politicians we rely on to follow the rule of law are afraid of the guy who is taking us down the road to serfdom.
Gutless wonders – all of them
ThomNJ says:
“Why are the Republicans keeping quiet about all of this?”
Hopefully they are keeping track and will assemble some killer ads to inform the public. Failing to do this, we might end up with another four years of O’bammy and gang…