Sunday, March 11, 2012

Bad Karma, wasted tax dollars

Why did our tax money go to Finland to build the . . . Karma? How does this help American workers?

“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.”
ABC News

In a test conducted Wednesday by Consumer Reports magazine, the niche-market $107,850 sports car conked out completely, after a short ride at 65 miles per hour on a Connecticut test track.


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