Finnishing Off the Tax Payer’s Dollars, One High Priced Sports Car at a Time

2009 September 26
by JustMary

It must be great to be Al Gore. After he took the initiative in creating the internet, he moved on to global warming. Not content to let us get by with our dastardly use of carbon, he found a way for us to offset our usage by purchasing carbon credits. Now, Al has a vested interest in clean air vehicles, sports cars, to be exact. Needing to secure some capital for this car company, he turned to none other than the American taxpayer. Surely, the catch must be that this will create or save jobs right here in America, right? Wrong. Unless by America, you mean Finland, anyway.

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 startup 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 startup focusing on all-electric vehicles, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.

I am sure the part in bold (emphasis mine) is just a silly coincidence.

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.

So, the least wealthy among us are the ones paying for the wealthiest to drive around in sports cars? How is that “party of the little people” working out for you?

Quick note to Al Gore, choosing Finland to construct your car may not be the best choice, considering the fact that the earth has been cooling for the last 11 years, and is forecasted to continue doing so for the next 2 decades (at least), so much of Finland will probably wind up under thick layers of snow and ice. The cash you are stealing from American taxpayers may wind up being cold cash, indeed.

33 Responses leave one →
  1. 2009 September 26 10:43 am
    justrand permalink

    some VERY inconvenient truths in there for his Excellency alGore.

  2. 2009 September 26 10:58 am
    rightwingyahoo permalink

    This is Fascism. The firms pay their dues to the government, and the government makes sure they win in the marketplace.

    That. is. Fascism.

    And which party is in charge now? Which one again?

  3. 2009 September 26 11:14 am

    Fascism== The ugly stepsister of the two sided statist coin.

  4. 2009 September 26 11:16 am
    bc3b permalink

    Gore has made tens if not hundreds of millions off global warming scams.

  5. 2009 September 26 11:25 am
    Sharp2edgedsword permalink

    IP, we need a pic of “the lockbox”

  6. 2009 September 26 11:25 am
    drdog09 permalink

  7. 2009 September 26 11:25 am
    rightwingyahoo permalink

    This is ridiculous, something is wrong with the cable around here, because since last night my internet has been getting slower and slower, and now I can’t even post. I’m at sub-modem speed, like 14.4 baud or something. I haven’t had a modem that slow since like 1992.


  8. 2009 September 26 11:33 am

    Sharp2edgedsword permalink
    IP, we need a pic of “the lockbox”

    the lockbox

  9. 2009 September 26 12:13 pm
    mpthompson permalink

    RWY, just to be on the safe side I made a contribution to the DNC last month and my Internet connection is fine. Go figure?

  10. 2009 September 26 12:23 pm
    drdog09 permalink

    Sure you have not been infected??

  11. 2009 September 26 12:24 pm
    rightwingyahoo permalink

    Heh, You wasted yer doubloons, laddie. Whatever the problem was, it’s better now, just in the last 15 minutes.

    Still not as fast as is should be, so I’ll wait a day before calling them and asking wtf…

  12. 2009 September 26 12:26 pm
    rightwingyahoo permalink

    Dog, every so often, a line goes down around here and things get slow…. I had an aim virus, which I had no idea how I got. Anyway, I got a scanning tool and it is no longer finding it. So maybe it’s gone…

    Death the proliferators of web pollution.

  13. 2009 September 26 12:28 pm
    mpthompson permalink

    Of course, I was just joking… Just in case anyone was thinking.

  14. 2009 September 26 12:28 pm
    janzam permalink

    Does this sound familiar?

    The second facet of the “perestroika deception” has been to engineer a “peaceful transition to socialism” in the US by way of a manufactured economic crisis. Soviet manuals from the seventies outline this dimension in some detail. In 1974, Alexander Sobolev of the Moscow Institute of Marxism-Leninism developed the means by which a “peaceful revolutionary process” could take place. To do this, Sobolev stressed the need for a “nationwide political crisis” to be followed by “effective measures to neutralize wavering social strata.” It was Lenin himself that said, “A revolution is simply impossible without an overall national crisis.”

    The aim was to co-opt well-meaning Democrats in Congress into advancing a “peaceful transition to socialism” in the wake of US economic collapse.

    The Perestroika Deception American Thinker

  15. 2009 September 26 12:31 pm
    rightwingyahoo permalink

    of a theme with “Never let a good crisis go to waste”, eh, Jan?

  16. 2009 September 26 12:34 pm

    Soros has done his job well.

  17. 2009 September 26 12:37 pm
    drdog09 permalink

    Yosi Sergeant resigns post at NEA.

    Over the last three weeks it has come abundantly clear that the way to destroy the Left is to —

    * show the funding sources and the disasters they create. (aka ACORN)
    * attempt to show how current political figures gain by such connections.

    How? We ought to encourage a law that states anyone who a) files 501(c)(3) status or who b) receives government grants must disclose fully their books for that year and the 3 years previous. Such information shall be available on the Internet.

    Let the People do the muck raking.

  18. 2009 September 26 12:37 pm
    rightwingyahoo permalink

    And they deny being Communists. They do everything the USSR did, yet still deny it.

  19. 2009 September 26 12:38 pm
    janzam permalink

    #16 That is the exact phrase I was thinking about when I read the article.

  20. 2009 September 26 12:54 pm
    janzam permalink

    Last night I was listening to an interview with Jon Meyer, who in 2004 accurately predicted the economic times we are currently going through.

    His thoughtful look into the financial future was not very consoling, though, as he believed the market was just about through “surging,” and the second tsunami of market sell-off would follow, with the DOW signaling such a cycle by dropping precipitously a 1000 pts.

    Meyer recalled in the Great Depression that during the first seven months after the crash the market also rose, recovering up to 50% of it’s losses before it crashed again, going still lower. He said our market was in it’s sixth month, recovering about 60% of it’s lost assets.

    Does history repeat itself, I was wondering?

    In the meantime I found this article musing about whether we are experiencing merely a “bubble” or something that is more sustainable. The text wonders around a bit, giving different scenarios, without really nailing anything down. But, it’s still worth a perusal.

    So does this qualify as a bubble? The classic definition came from the economist Charles Kindleberger in his 1978 book Manias, Panics and Crashes. For him, a bubble is a phenomenon of mass psychology, and refers to the last stage of an investment mania, when assets are bought “not because of the rate of return on the investment but in anticipation that the asset or security can be sold to someone else at an even higher price”. The bubble bursts when there is no longer a “greater fool” ready to pay too much for the asset.

    A risky revival Financial Times

  21. 2009 September 26 1:06 pm
    janzam permalink

    Technical correction on post #21 — the man being interviewed name was Joe Meyer!

  22. 2009 September 26 1:16 pm
    drdog09 permalink

    Cue the Unicorns. Baucus claims putting the HC online would be too difficult. Hmmm. That’s odd if true, because the HC bills have components to put OUR HC records online which is an even more difficult kettle of fish than just a DC Bill.

  23. 2009 September 26 1:34 pm
    MI Conservative permalink

    Hey bc3b- Had a nice discussion after a book signing today with a group of people at Barnes and Noble on the West side of Michigan.

    We talked about our old license plates, “The Great Lake State” or “Winter, Water Wonderland” and decided the new license plate should read (DRUM ROLL) “The Unemployment State”!

    And if we sending our money to Finland to make cars I guess it would be true.

  24. 2009 September 26 1:46 pm
    TLS permalink

    What about the govtrack website where all bills and their status is listed?? They managed to get HR 3200 posted there so what makes this bill so special that it can’t be typed in like every other bill??
    These people really think we are stupid.

  25. 2009 September 26 2:06 pm
    drdog09 permalink

    MI, worse than that. We are borrowing money from China, to have cars made in Finland (a high cost country) to sell to Americans. We could have avoided the borrowing, made the car designed and made in China for probably half what it will cost.

    We are but a market to be tapped. Thanks Multinationals!

  26. 2009 September 26 3:45 pm
    justrand permalink

    drdog, putting the HC Bill would apparently require some staffer to drive down to Kinkos and fork over a nickle a page! Gasoline, staffer time and Kinkos charge means this would cost us taxpayers an additional $56.00 (give or take).


    Thank you, Senator Baucus!!

  27. 2009 September 26 4:51 pm
    drdog09 permalink

    JR, I guess that is the price of transparency. Or should I say the lack of it.

  28. 2009 September 26 4:51 pm
    JustMary permalink

    Um….my spelling error was intentional, for whoever changed it. 😉

  29. 2009 September 26 5:00 pm
    justrand permalink

    drdog…the $56 saved by Senator Baucus represents $.00000019 for every man woman and child in the great nation!! I can only assume Senator Baucus will send us each a check for that ammount!

    Fiscal responsibility is alive!

    (damn, I should be working for the White House Press Corps)

  30. 2009 September 26 5:16 pm
    justrand permalink

    drdog, reflecting seriously (for a change) on the Senator Baucus bullshit about it being “too difficult” to post the Bil online. 50 MILLION Americans own a combo printer/scanner that can take a document of any size in and transfer it to the attached computer. The software to convert that scan into a PDF costs about $10 (though free versions are available).

    So at least 50 million Americans have to be scratching their heads over Bausus’ statement and saying: “You’re f**king kidding me…right?”

  31. 2009 September 26 5:24 pm
    gnqanq permalink

    Justrand – one really big problem. Those 50 million Americans are competent and the Democrats are not.

  32. 2009 September 26 8:30 pm
    drdog09 permalink

    JR, Baucus’s remark is right up there with Bush 41 seeing a self service grocery scanner being used for the first time. Those on the Hill lead a cloistered life. They, Dim and Rep alike need to be brought down, voted out and scratch like the rest of us for a living.

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