The wasteful and incomprehensible "green" energy policies of the Obama Administration continue to be exposed as a rip-off of American taxpayers. The latest insane venture involves hybrid auto start-up company, Fisker. While the story of Fisker receiving a $529 million loan from the Department of Energy has been widely reported, less known is the fact that green energy charlatan, Al Gore, may have played a key role in obtaining the loan. Before we move on to Gore's involvement in the Fisker fiasco, let's review what taxpayers are paying for regarding the White House's so-called green car "investment." The Fisker Karma is expected to go about 30 miles on an electric charge and then gets only about 20 MPG. The car can go from 0 to 60 in 6 seconds and comes in at a price tag of $97,000. To add insult to taxpayer injury, even though Fisker initially purchased a shuttered GM plant for $18 million where it says it will build a future line of vehicles, the current Karma line will be built in Finland. When and if the Karma ever makes it to US showrooms, a $7,500 tax credit for every wealthy purchaser will be granted. If someone is both rich enough and foolish enough to pay $97,000 for a car that underperforms competing sports vehicles like the Porsche Panamera (which costs $20,000 less, does 0 to 60 in 4 seconds and gets 24 MPG), why in the world should taxpayers subsidize the purchase?! It is absolutely insane for our government to give American dollars to a company with a risky business plan to produce a car (in Finland) for the wealthy that does little to help our environment or economy and then give taxpayer money to wealthy purchasers to buy the cars! So, why would the White House risk over half a billion dollars of taxpayer money on Fisker?...
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