American Elephants

This is Even More Offensive Than Solyndra! by The Elephant's Child

Beautiful car, the first of a new line of electric hybrids, built by Fiskers with the help of a half-a billion in taxpayer money to manufacture the car in Finland with a Chinese engine.  Leonardo DiCaprio has reportedly lined up for the first one at $96,000 plus tax. It apparently doesn’t get especially good mileage.  Investors put up a half a billion for the California company, and the addition of the Obama administration’s green jobs $529 million, it is a billion dollar company.  Any jobs being created or saved are in Finland and China.

The Fisker Karma is so offensive in so many ways, when President Obama has been out demanding that everyone support his American Jobs Bill, which even the Democrats in the Democrat controlled Senate refused to do.  Even more offensive is the Chicago-style funding of supporters.

Fisker’s top investors include Kleiner Perkins Caufield & Byers, a veteran Silicon Valley venture-capital firm of which Gore is a partner.  Employees of KPCB have donated more than $2.2 million to political campaigns, mostly for Democrats, including President Barack Obama and Hillary Clinton, according to the Center for Responsive Politics, a nonpartisan group that tracks campaign contributions.

This follows another $465 million government loan to Tesla Motors, purveyors of a $109,000 British-built all-electric roadster.

The awards to Fisker and Tesla have prompted concern from companies that have had their bids for loans rejected, and criticism from groups that question why vehicles aimed at the wealthiest customers are getting loans subsidized by taxpayers.

I suppose they see some prestige in supporting sexy sports cars—electric cars that look like everybody’s dream car.  But looks aren’t everything. Why does taxpayer money flow to “millionaires and billionaires” who support Obama.  It’s not his money — it comes from taxpayers struggling to get along in the current economy. It does, however, explain why Obama just can’t find anywhere to cut back on spending.

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