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WTH? Obama gives $529m of our money to electric car company to build cars in Finland

by Bob in Breckenridge Comments Off on WTH? Obama gives $529m of our money to electric car company to build cars in Finland
Filed under Barack Obama, Business, Cult of Obama, Democratic Party, Economy, Environmentalism, government, Headlines, Politics, Progressives, Transportation at October 21st, 2011 - 2:41 pm

The dunce occupying the White House, with his affirmative-action Harvard degree, is really weapons-grade ignorant.

I, and I’m certain most Americans, thought that all our tax money being spent to stimulate the economy was meant to stimulate OUR economy, you know, the good ole U.S. of A.? Right? Apparently not…

Car Company Gets U.S. Loan, Builds Cars In Finland

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 (stupidest VP EVER) 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.

“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 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.

Notice who’s backing this waste of our money? All these libturd swine, including Algore, who contribute to Obama and the dimocrats.

I’ve said it before and I’ll say it again- This will go down as the most corrupt administration in our history.

And if it was me, I’d say build the electric cars here, you ungrateful POS (even though NO ONE wants to buy or drive them) or give us our taxpayer’s money back, and go ask the government of Finland for $529 million, a-hole.

And furthermore, the two Google libturds are worth a combined, oh, $50 billion, and the paypal guy is a multi-billionaire, so why the hell do they need a paltry $529 million from us? Give the money back, a-holes! This is as corrupt as it gets!