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Obama gives $500+ Million to foreign electric car company
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From
22/10/2011 09:15:32
Mike Cole
Yellow Lab Technologies
Stanley, Iowa, United States
 
 
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Forum:
Politics
Category:
Other
Title:
Obama gives $500+ Million to foreign electric car company
Miscellaneous
Thread ID:
01527090
Message ID:
01527090
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56
Yep, Finland. And they're luxury cars, the kind only really, really rich people will be buying. When they made the loan, Biden promised they'd provide American jobs. I'm willing to bet somebody in that company donated a lot of money to Obama's re-election campaign.

There are now enough of these cases compiled to hurt Obama next year. This is a good thing.

Oh, and this is ABC News reporting this, not some Right-Wing Blog.

"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 company's manufacturing jobs are still limited to the assembly of the flashy electric Fisker Karma sports car in Finland."

http://abcnews.go.com/Blotter/car-company-us-loan-builds-cars-finland/story?id=14770875

But Kevin M. is OK with this, because Obama "prevented a global great depression".
Very fitting: http://xkcd.com/386/
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