Obama Admin Defends $529 Million Taxpayer Loan To Company Building Electric Cars in Finland…
(Fox News) — The Department of Energy is standing by a $529 million loan guarantee to a company building an electric car line in Finland.
A department official, in a lengthy response posted on a government blog Thursday night, confirmed that the company Fisker is assembling its Karma electric car at its “overseas facility.”
The response comes after ABC News reported that the Obama administration gave the green light for the company to move the manufacturing to Finland two years after announcing the loan.
Posted by ZIP on Friday, October 21, 2011, at 1:12 pm | 
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Where’s the Special Prosecutor?
This fraud must be investigated and punished.
Gonna be tough to defend Crony Capitalism at it’s best.
Here’s the president of Fiskar talking to his core audience (typical buyer)
http://i41.photobucket.com/albums/e298/slidetek/fiskar_leno.jpg
Thank you, Obama.
Indefensible! Half a billion dollars going to FINLAND to build a very expensive car that very, very few Americans can afford, and has worse energy efficiency than an SUV! How is this going to benefit America? Dear God, why won’t these weasels (no offense, Zip) in Congress prepare articles of impeachment?!
This is the third article I’ve seen today on this subject, but reading through them, I haven’t seen any reference to the near $100K price tag.
If Chevy is having zero luck in selling their $40K POS, how does Obama think that these people are going to be able to sell their’s at more than double the price?
Where ….IS ALL THIS MONEY COMING FROM?????
@ Blueburb
Where ….IS ALL THIS MONEY COMING FROM?????
We borrowed it from China. Your great-grandkids will eventually pay the bill.
Congress. Here Congress, here boy……..damn, must be lost in the woods again………….
Thank a Democrat today for burying your kids,there kids and so on in taxes, I’m sure there going to love you for letting their future be killed before they get started
http://www.forbes.com/sites/warrenmeyer/2011/10/20/update-fisker-karma-electric-car-gets-worse-mileage-than-an-suv/
‘It sounded like a Good Idea at the Time,”
Paging Congressman Darrell Issa
Smarter than God – religion of ME – dis regard
Paid advocate – materialism for ME – dis respect
Community Organizer – politics of ME – dis believe
“I AM smarter than all of you, I know where my money comes from, I know my peeps will do anything I say / follow me into Hell…” Jude 11…
@Rufus
Silly me I thought we were spending that loan money on really important things like these type of projects:
$1.9 Million To Photograph Ants. “The $1.9 million spent to photograph ants in foreign countries has created two jobs created so far.” (Sheryl Attkisson, “Stimulus Projects That Created No Jobs,” CBS News, 8/3/10)
$500,000 To Study Genetic Makeup Of Ants. “Half a million dollars went to Arizona State University to study the genetic makeup of ants to determine distinctive roles in ant colonies.” (Alexander Bolton, “Senate GOP Point Out ‘Pure Waste’ Found In Stimulus Package,” The Hill, 12/8/09)
“$3.4 Million For Wildlife ‘Eco-Passage’ In Florida” For Turtles To Cross The Road.” “$3.4 Million for Wildlife ‘Eco-Passage’ in Florida; Project Still May Take Years to Finish. Why did the turtle cross the road? To get to the other side of a stimulus project. The Florida Department of Transportation is planning to spend $3.4 million in stimulus cash for a wildlife crossing, otherwise known as an ‘eco-passage.’ It will serve as an underground wildlife road-crossing for turtles and other animals that live in Lake Jackson, Florida.” (“100 Stimulus Projects: A Second Opinion,” Report by Senator Tom Coburn, 6/09, Pg. 11)
$3 Million For Bike Racks In Washington, D.C. “$3 million for bicycle racks in Georgetown — the Washington, D.C., neighborhood that is one of the wealthiest areas in the country.” (“From Water Taxis To Fish Food, GOP Highlights Worst Pork-Barrel Projects,” Fox News, 12/10/09)
A direct quote from Obama “Yeah so Gore stuck his finger up my ass and I liked it so much that I gave him the tax payers money…btw I also get money on the other side of this investment…..ha ha America….jokes on you….”
@Rufus
These cars are not priced for the common man to buy………the other sad thing not mentioned along in these articles is the fact that their estimated gas mileage (based on the cost of building them and the mileage they get) comes out to the same as a gas using SUV.
Obviously, he is a globalist with US Taxpayer’s money. There is no other way around it.
The $529 Million Dollar Electric Lemon
On the ROOST of AUTHORITY and OBAMA is the bird at the top and were the birds at the bottom and were tired of beinng crapped on
In lesser civilizations these smucks would be hanging from the trees…just saying.
VA has closed all its rest stops and is thinking about re-installing tolls on I95 because they don’t have the money and we’re giving away all these billions.