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ABC News is reporting that Fisker, a start-up electric car company, has received a $529 million federal government loan guarantee and 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. Congratulations, we are growing jobs overseas with American taxpayer money.
In September 2009, the Wall Street Journal reported:
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.
I’m sure that the fact that the investors of the company are powerful Democrats is purely coincidental. Right.
Fox News reported today:
But Energy Department spokesman Dan Leistikow said none of the U.S. loan money contributed to the production work in Finland.
“The Department’s funding was only used for the U.S. operations,” Energy Department spokesman Dan Leistikow wrote. “The money could not be, and was not, spent on overseas operations. The Karma also relies on an extensive network of hundreds of suppliers in more than a dozen U.S. states.”
He said the first part of the loan, $169 million, supported engineering work at Fisker’s U.S. facilities as the company “developed the tools, equipment and manufacturing processes for Fisker’s first vehicle” — though that work so far has not contributed to a production line in the U.S.
This sort of spending is the reason I don’t support any more jobs bills from President Obama. The jobs bills already passed have done nothing but provide money for wealthy Democrats and union thugs.
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