10/23/2011

Paul W. Smith nails the Obama administration on the half billion loan to Fisker

Smith does a great job summarizing the problem. My question is what do all the great Democrat investors in the project, such as Al Gore, have to say?

. . . Are you kidding me? Our president gave our hard-earned money to Henrik Fisker to build his politically correct $97,000 electric sports car? You know, the $529 million loan that Vice President Joe Biden claimed was a bright new path to thousands of American jobs. Two years later, only 500 jobs have been created — at a cost of about $1.1 million per job. But wait, it gets better, well actually, worse. Much worse.
Those 500 great American jobs are in Finland.
I'm not done.
ABC network chief investigative reporter Brian Ross tells me Mr. Fisker told him: "There was no contract manufacturer in the U.S. that could actually produce our vehicle. They don't exist here."
Apparently he's never heard of Detroit and didn't know we have a few available empty auto plants in "move-in" condition. He apparently didn't know we have a "few" well-trained, excellent autoworkers available, too.
And finally, as if he hadn't spread enough salt into our wounds, Mr. Fisker finished with: "We're not in the business of failing; we're in the business of winning. So we make the right decision for the business. That's why we went to Finland."
Why didn't he get the $529 million from Finland then? Maybe he and his cars should just stay there, after he pays us back. . . .

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