The US Government offered $529 million loan to an Al Gore-backed company making $89,000 all-electric sports car in Finland, while US projects for US jobs go unfunded.This little stimulus grant to Finland has "political payoff" written all over it -- like almost everything else the Obama / Pelosi reich has done during its short time in power. Chicago payoffs and paybacks at home. Neville Chamberlain and Jimmy Carter appeasement abroad. Sounds like a quick road to utter collapse.
...The DOE denied that politics played a role in the decision, saying that a “detailed technical review” took place, and that the bulk of loan proceeds for the Silicon Valley-based Fisker will go towards development of a $40,000 family sedan.
There’s only one catch. According to the Journal, the family sedan has not yet been designed. _BiofuelsDigest
Cross-posted to Al Fin
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