Oct 21 2011
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.
The excuse is it could not be built here in America – which is BS. Anything can be built in America.
What this demonstrates once again is how incompetent this White House is when you compare its rhetoric to its results. There is no finer measure of competence than results.
So tax payers now have blown over $500 million on Solyndra – only to see its promised new jobs disappear, and over $500 million on a fake green car now being manufactured in Finland. Anyone ever think to restrict these loans to ‘Made in America’?
This administration is failing epically because:
- It’s ignorance of business and the free market continues to drive it into failed solutions. This group of wannabes has an elementary school level grasp about real life, which means all its good intentions will fail (if they are really good intentions).
- It’s business ignorance is only matched by its liberal arrogance, which has become a barrier for any course corrections. While the left wondered why Bush could not admit errors, they are flaming out because they cannot see their own failures to save their political lives. They refuse to admit they have screwed up, and now the screw ups are so numerous and severe they cannot shift gears in any face saving manner – so they drive full speed ahead into the abyss.
- This crowd in the White House believes all power is meant to be abused for gain primarily – and is totally focused on raiding the tax payers for all their politically connected cronies. Not a single proposal or plan has anything to do with bettering the lives of the people, it is all a facade to line leftist pockets. Charlatans is probably to weak a term for this crowd of pick pockets.
The frustration growing in America with DC is because no one can understand why such behavior can continue without consequences. How can so many fools be left in charge so long? Aren’t their any laws to protect us from government greed and incompetence like we have for doctor malpractice and other commercial protections? Why aren’t there criminal cases being brought for this level of abuse and theft?
America wonders how is it DC could throw someone in jail for a expired car tags, but the mismanagement of half a billion dollars (many times over) draws no punishment?
Time to dismantle the federal beast. Completely dismantle it, down to its minimal core.