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Friday, October 21, 2011

U.S. Subsidizes 'Green' Car Production...IN FINLAND !!!

When will the Obama Administration--already in hot water over its feckless backing of Solyndra--stop dumb-ass 'green' spending, i.e, expenditures that, in the name of environmentalism, boost foreign business and labor over U.S. business or U.S. labor ? Like, for instance, the subsidy to produce electric cars IN FINLAND !!!

As reported by ABC NEWS...

With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee 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.

Vice President Joseph Biden heralded the Energy Department's $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the company's manufacturing jobs are still limited to the assembly of the flashy electric Fisker Karma sports car in Finland.