Yesterday a guy whose name appears to be Andrew Fox happened to see a very cool car where he lives in the D.C. area, and took the trouble to investigate. As a result, he highlighted an Obama administration boondoggle that in some respects is worse than Solyndra. The car turned out to be a Fisker Karma–a gasoline/electric hybrid vehicle that sells for around $100,000:
It’s a gorgeous vehicle, manufactured in Finland and sporting a Chinese engine. Rich people like Leonardo DiCaprio and Al Gore (both of whom made their fortunes by peddling fiction) are lining up to buy it. Nothing wrong with that; if I had the money I might buy one myself, even though the car doesn’t get especially good mileage. But there is just one thing: the Obama administration has invested $529 million in taxpayer money to help develop the Fisker Karma. That’s right–it’s another “green jobs” scam, except that if any jobs are being saved or created, they are in Finland and China.
Why on Earth would Barack Obama subsidize Finnish workers and fantastically rich Americans? For the usual reason:
Fisker’s top investors include Kleiner Perkins Caufield & Byers, a veteran Silicon Valley venture-capital firm of which [Al] 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.
And ABC reports:
The department lent $528 million to Fisker Automotive, whose electric car is being financed by a venture capital firm run by billionaire Obama supporter John Doerr — a firm that touts former Vice President Al Gore as a board member.
Funny how if you are a billionaire who supports President Obama, money just seems to rain down on you. A half billion dollars means nothing to Obama. Why should it? It’s your money, not his. This mentality explains how Obama intends to double the national debt.