http://www.scpr.org/blogs/economy/2011/10/21/3665/electric-car-scandal-new-solyndra/
The Department of Energy's $535 loan gurantee to bankrupt solar startup Solyndra has become the Obama Administration's first quasi-scandal, with critics insisting that the government shouldn't be funding risky green-energy companies and supporters (myself included) arguing that the government is the only investor that can handle the risk. But now the bickering has spread beyond solar to the go-go world of electric vehicles — just as "Revenge of the Electric Car," the sequel to "Who Killed the Electric Car," is hitting theaters.
ABCNews and the Center for Public Integrity have teamed up to investigate DOE loans guarantees, focusing on two marquee EV companies, Tesla Motors and Fisker Automotive, which together have received about a billion in government-backed financing. The takeaway isn't pretty:
(Article does continue.)
Zim: My paper had an article about this very thing
recently . . .
I suspect obama been listening to another turd named
john kerry . . As I remember, he was gonna shovel
TONS of OUR Money into the pockets of the auto
executives to make 'more fuel efficient vehicles'.
Looks like the article is saying Fisker is supposed
to sell electric cars at $103,000 . . . cars 'We the
People' can not afford.
Zim.
Mad Poet Strikes Again.
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