Pages

Thursday, October 20, 2011

From the Drudge Report -- US Stimulus Money Going to Finland

Link here.
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."
I can honestly say nothing surprises me any more with this administration, and further, I no longer care. If the American people like this, then who am I to suggest otherwise?

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.