Friday, June 08, 2012

Fisker Automotive - Another Apparent Obama-Biden Failure

Back on 9/28/09, I wrote a blog about this company and its $500,000,000+ government subsidy. "Anonymous" posted a comment on my blog saying this was a government "loan" creating jobs for Americans and that I should get my facts right.

It appears I did as Judicial Watch writes the following, "Consider the failing "green" energy car company,Fisker Automotive: In April, the Obama administration informed Judicial Watch that it refuses to release details regarding the milestones MISSED by Fisker under the terms of its $528.7 million bailout loan from the DOE."

The DOE did answer the FOIA but blocked out all the key details. Most embarrassing to "Anonymous" is that the first cars were manufactured in Finland, although Fisker does have plants in California and Delaware where their have been massive layoffs as reported by "Politico" as Fisker attempts to get more government loans.

Here is what VP J. Biden said as he stood on the site of a closed GM plant, " Imagine when this factory, when the floor we are now standing on right now is making 100,000 hybrid sedans, coupes, and crossovers every single year."

Yes, imagine. We have a lot of imagination in Peoria right now starting with the ballpark and RiverPlex.

You won't hear much about this apparent failure of electric cars to sell and you may expect more failures of "green" government sponsored entities like Solyndra

Maybe after November 7..

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