American Federal Loans Create Jobs . . . in Finland
Just when we thought nothing could beat Solyndra in terms of dirty corruption scheme presented as an “investment in green energy of the future,” we have something even worse: $529 million Federal loan guarantee to a start-up electric car company named Fisker. Which is okay, except that . . . Fisker took the money to Finland to produce their cars there. The owner of the company, Henry Fisker, has no experience in the auto-making industry, and his company has no previous history of any successful project. That is, he created the company for the sole purpose to take the government guarantee and get loans from the banks.
There’s no politics involved, of course. Except that the major financial backer of the Fisker Company has contributed more than $1 million to political causes, mainly to the Democrats. But that’s just a coincidence.
Harold
ACGR's "News with Attitude" 