Thursday, October 20, 2011

1/2 Billion Dollar Green Jobs Loan Produces Cars in Finland

Fisker Karma $87,400
One trillion in green jobs loans blow up in the administration's face. First there was the solar energy debacle and now this nasty mess with jobs going to Finland.  Al Gore has his hands in this deal also making it all even more interesting. 

The Obama administration approved a 529 million dollar federal loan to Fisker to build these luxury hybrids that sell for over 87,000 dollars.  Not your typical family car that would be in high demand but a car only the rich 1% could afford.  A car that targets the very same people the administration tells us don't pay their fair share.  Are these successful people now suppose to buy these foreign made cars and pay higher taxes? After all if the rich don't buy these things and the company fails the US taxpayers will have to foot the bill.   Than there is the issue of the 7,500 dollar tax credit you get if you buy a Fisker.  That seems kind of like a corporate jet tax loophole to me.  Needless to say we are confused about this whole deal. 

http://abcnews.go.com/Blotter/car-company-us-loan-builds-cars-finland/story?id=14770875

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