The Obama Big Government continues to prove it is inept at business and creating jobs with taxpayer money. Media sources are reporting that another Green Jobs project –Fisker Karma– that has been much ballyhooed by Team Obama – Joe Biden assured the country 2000 jobs from this investment- is struggling to survive. According to the story Team Obama has committed $528,000,000, of which $193,000,000 has already been spent,to a Finish Companyto make “2” models of electric vehicles. The luxury version was to being built in Finland is available but the more standard version that was to be built in the US has been put on hold and workers laid off. They are already seeking more private funding just to get their cars to a subsidized purchasing market. They are stacking the deck with taxpayer donations and taxpayer paid purchase incentives for electric vehicles and Team Obama is still unable to get these fledgling companies to fly. Team Obama has started another expensive green joke – at the expense of the USAmerican Taxpayers, but nobodies laughing.
- FISKER: Another Solyndra-esque Obama Stimulus Failure (bokertov.typepad.com)
- Fisker fumbles, forced to lay off workers at Delaware plant, seek further government aid (digitaltrends.com)
- Layoffs Hit Stalled Obama Electric Car Investment (foxnews.com)
- Electric car company that got $500 million in stimulus announces layoffs (winteryknight.wordpress.com)
- Fisker suspends work on Project Nina, lays off workers (gigaom.com)
- A third Obama-subsidized green energy firm is bankrupt after $118.5 million loan (winteryknight.wordpress.com)
- White House Green Jobs Agenda Filled With Corruption, Say Investigators (thedaleygator.wordpress.com)