Energy Department Loans $529 Million to Car Company..........in FINLAND

Newsnm note - Spence- Some public policies are so stupid they seem almost....made up. Nope. Not this one. Read this and weep. ABC - With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work. Vice President Joseph Biden heralded the Energy Department's $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the company's manufacturing jobs are still limited to the assembly of the flashy electric Fisker Karma sports car in Finland. "There was no contract manufacturer in the U.S. that could actually produce our vehicle," the car company's founder and namesake told ABC News. "They don't exist here." Read full story here: News New Mexico

Energy Department Loans $529 Million to Car Company..........in FINLAND