Wednesday, February 8, 2012

Another Green Failure

Your tax dollars at work: Fisker is laying off workers...and asking the federal government to accelerate the loan guarantees.  From February 6, 2012 ABC News:
Fisker Automotive, the maker of an exotic electric sports car that is being built with help from a $529 million federal government loan guarantee, has announced layoffs at its Delaware plant as it tries to persuade the Department of Energy to send it more public funds.
The company says 26 Fisker employees have been let go from the Delaware factory where renowned automotive engineer Henrik Fiskerpromised to one day begin producing affordable electric sedans. A Delaware newspaper also reported that subcontractors working on the car venture have been let go.
Looting the public trough for the benefit of the super-rich is part of what democracies do, but the Obama Administration seems to have gone completely off the deep end on this.

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