Guest Post by Loki
Amongst the bailouts (think supporter payback) the Obama Administration sent $529 million to Finland (no, Finland is not in the USA) to support electric cars. For its $529 million the Finnish company Fisker has built 40 Karma (ironic name choice) cars so far. That amounts to about $13 million per car… so far. I am sure with mass production they should be able to bring the price below $10 million per car. The administration defends this arrangement and assures us that Al Gore being a partner of the company has no relevance. I guess even Obama was not impressed with the Chevy Volt. Maybe because the Chevy Volt is built to government standards. By the way the Fisker Karma like the Chevy Volt is also prone to burning to the ground.
Leonardo DiCaprio has purchased one of these government subsidized vehicles for only $100,000 easily affordable by the average American tax payer. I wonder how Fisker stays in business selling a car for much less than their production costs. I hope DiCaprio purchased his vehicle before the end of 2011 and received his tax write-off for electric vehicles.
So don’t you feel better about Obama as you drive your 10-year-old sedan down the road? I know I feel better knowing my tax dollars are keeping a worker in Finland employed and a Hollywood actor mobile.
Meanwhile American small businesses are left to rot and American jobs evaporate. This president is a total flop.
I had to replace both our vehicles last year, and I bought nothing from GM (Government Motors) or Dodge, who was taken over by Obama and now owned by FIAT (Fix it again Tony) – I bought a F150 pickup, and a Toyota Sienna AWD van.
The Government (us) still owns 26% of GM stock, and for us to break even we would have to sell off our stock at $58.00 per share, a far cry from the $25.67 it’s trading at today. If we sold our stock we’d lose at least $25 Billion dollars, not counting what the stock price would do when it becomes commonly known that we’re dumping the stock.
And if you look at what Obama and his car ‘Czar’ did to the GM bondholders, and what GM tried to do to Stillwater Mine, I will never have another GM automobile parked over the oilspots on the driveway. Never.
Don’t forget – we are all paying the $7,500 tax credit that DiCapprio gets for buying a Fisker.
And I’ll bet he won’t even give us a kiss after that *****ing.