The Daily Mail
written by Don Surber
Sunday January 1, 2012
Crony capitalism not only is a pain in the national wallet, but products from crony capitalists pose a physical danger. Fisker Automotive — fronted by Democratic eco-millionaire Al Gore — received a half-billion federal “loan” 2 years ago to make luxury electric cars.
Not only was this a sweetheart from the Obama administration, but the deal financed the manufacture of unsafe electric lemons.
From the New York Times:
Fisker Automotive is recalling all 239 of its 2012 Karma luxury plug-in hybrid cars because of a fire hazard, according to a report filed with the National Highway Traffic Safety Administration. Prices on the 2012 model start at $103,000, including the destination charge.
In a report filed recently on the agency’s Web site, Fisker said some hose clamps were not properly positioned, which could allow a coolant leak. “If coolant enters the battery compartment an electrical short could possibly occur, causing a thermal event within the battery, including a possible fire in the worse case,” the company told the safety agency.
Fisker said the problem was discovered on Dec. 16, when workers at the Valmet Automotive assembly plant in Finland noticed coolant dripping. Fisker said it was not aware of any consumer complaints, warranty claims or “any other reports related to this condition.” It said fewer than 50 vehicles were in the hands of consumers.
So for $529 million, taxpayers received less than 50 automobiles sold (apparently) to people who can afford the $89,000 sticker price. The New York Times report failed to mention Al Gore’s connection to this dubious enterprise, but a Wall Street Journal on September 25, 2009, did:
WASHINGTON — A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.
The award this week to California start-up Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla is a California start-up focusing on all-electric vehicles, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.
The awards to Fisker and Tesla have prompted concern from companies that have had their bids for loans rejected, and criticism from groups that question why vehicles aimed at the wealthiest customers are getting loans subsidized by taxpayers.
Add the Chevy Volt — another fire hazard when charging — and you have a nice pipeline from the Treasury to the wallets of the FOO (Friends Of Obama).
I love these liberal imbeciles who buy this global warming crap. They are snotty as they cite “science,” which is based on what is best questionable data (in the case of the Nobel Peace Prize winning 2007 IPCC report: outright lies). They repeat Al Gore’s lines about Big Industry opposing this, when in fact Big Business pockets many an alternative energy tax credit or other subsidy.
The only green jobs are the green that goes from the taxpayer into Democratic operatives such as billionaire George “Solyndra” Kaiser and Democratic hacks like Al Gore.
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