Fisker, Gore, & Obama. Another Financial Scandal.
by James Denison - 6/10/12 3:03 PM
Fisker Cars made in Finland. (providing American jobs???)
Gore Arranges Loan For His Conflict of Interest Ripoff of America. Obama his co-conspirator to create luxury car.
An electric car company that received more than a half-billion-dollar
Obama administration-approved loan is reportedly now assembling its
first line of cars in rural Finland, rather than in the United
States. What's more, the car company, Fisker Automotive, is funded by a
venture capital firm whose partners include former Vice President Al
To make matters worse, Fisker is more than a year behind in rolling
out its $97,000 luxury "Karma" car, funded in part with Department of
Energy funds. A mere 40 Karmas have thus far been produced, with only
two delivered to customers — one of whom is famed actor Leonardo
Even Joe Biden is part of the plot.
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.
Republicans tried to stop this financial fiasco.
Republicans are calling on Congressional investigators to expand their
probe of the Obama Administration's "green energy" loan program to
include Fisker, the start-up electric car company that received more than $500 million in federal support but is assembling its high-end sports sedan in Finland.
"We need to extend the investigation," Rep. Tim Murphy, a Pennsylvania
Republican who sits on the committee that has been investigating the
government's loan program, told ABC News in an interview for reports on
World News and Nightline that air tonight. "If they couldn't find
someone to build the car in the U.S., then don't do it.
To add insult to injury, the cars tend to burst into flames.
Fisker Auto Recall
Romney to end such fiscal foolishness, which doesn't even create American jobs.
The loan program that funded Solyndra was shuttered in September 2011
— but a similar program is still operating. A third green energy
program — the $25 billion Advanced Technology Vehicle Manufacturing
Program, created by Congress in 2007, has awarded just $8.5 billion in
loans — including $5.9 billion to Ford Motor Co. and $1.4 billion to
Nissan Motor Co.The Energy Department hasn't made a new auto sector loan in 14 months — and withdrew a proposed loan to Russian steelmaker Severstal OAO in January.Romney
has been critical of loans to start-up automakers Tesla Motors Inc.
($465 million) and Fisker Automotive Inc. ($529 million). The government
has frozen nearly $340 million of Fisker's loan.
When Obama's car burns your house down. Why not? He's already burning down the country fast as he can economically.
May 14, 2012|9:19 amAn
investigation is ongoing to determine the exact case of a house fire
that occurred in a suburb outside of Houston which involved $100,000
Fisker Karma electric car.Local officials and insurance
companies were working on determining the cause of the fire which
started on May 3. Investigators state that the fire started in the
garage of a newly built home in Sugar Land, Texas."There are
conflicting reports and uncertainty surrounding this particular
incident," a spokesman for Fisker Automotive said. "The cause of the
fire is not yet known and is being investigated."The fire
destroyed the car as well as two others in the garage and caused
extensive damage to the house. The car's battery is being looked at as
the possible cause, but no official determination has been made.
Just a look at one more thing Obama and his administration has been doing with your money America. If the Great Recession isn't enough for you yet, then vote Obama in November and let's all enjoy a full fledged Great Depression!