The White House will lose $139 million on a loan to struggling electric car maker Fisker Automotive Inc. after selling part of the loan to a private investor that immediately took the company into bankruptcy, the administration said Friday.
This marks yet another failure in the Obama administration’s long history of involvement in unsuccessful “green” investments.
More
7 comments:
Will it ever stop? How much taxpayers money has this bozo squandered. Somebody needs to get control of our Country.
"Green energy" is one of the largest scams being perpetrated on America. If any viability even remotely existed, the market would be inundated with wind mills, solar panels and "electric vehicles", without any taxpayers' subsidies.
We truly need to unleash our vast oil and natural gas resources, including completion the Keystone pipe line to truly be doing something for our enconomy and energy needs.
I thought we were broke?
Oh surprise ... beat me with a stick
They could have spent the same amount on the Keystone pipeline...and the entire country would be better off!
@6:19
It is viable but big oil and coal throw up every roadblock they can to ensure no competitors eat in to their record profits. The only scam here is the subsidies we give to oil, gas, and coal.
As for the Keystone pipline, anyone that supports that doomed project really does not have a grasp on reality.
854 none of these folks have a grasp on reality because they refuse to consult actual data. The success/failure rate of these programs is readily available and it 100% contradicts their opinion. You think they care?
Post a Comment