Tuesday, October 25, 2011

Fisker Gets $500 million U.S. Government Loan To Build Cars In Finland

Americans are denied access to society’s capital while we see examples of asinine crony programs like this.  More change you can believe in.   Does it get any more ridiculous? 

Give me a $500 million loan and I’ll put 1,000 people to work for 10 years making $50,000 a year.    We’ll dig ditches than then fill them back up.  That’s essentially what this program for Tesla and Fisker is.   It’s politically-connected cronyism to two car companies that don’t have a sustainable business model and most assuredly will default on their loans.  At least I’ll employ Americans. 

posted by TimingLogic at 2:25 PM

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