Obama’s “Karma” Not Good (Part two)

On February 7, 2012, it was announced that the Fisker Automotive Company was running behind schedule in manufacturing the $100,000 new electric sports car, the “Karma.” The car has safety problems with its battery pack so the company must redesign the car. Remember, GM’s Volt also had safety problems with its battery pack.
To conserve money, the company laid off 26 workers and cut 40 contractors (which means more unemployed people). Because of the problems with the car, the company wants to renegotiate the $529 million government loan from the Department of Energy. Yikes, more wasted money.
Yep, the company was a recipient of over a half a billion dollars in taxpayer’s money via a government grant. Fisker claimed it was going to create 2, 495 jobs in the State of Delaware. So far, it hasn’t even started production and was behind schedule.
If Democrats are at war with the top 1 percent, why was the Department of Energy financing an expensive sports car? For that matter, why was the government investing in the Volt which costs around $40,000? If you wonder why the US debt and deficit keeps growing, here are two prime examples.

Advertisements

About camden41

Retired public school administrator Retired history professor: Taught Western Civilization, American Civil War, United States History, Economic History, Ancient & Medieval Foundations, American History Since 1945
This entry was posted in Uncategorized and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s