Remember the Fiskar Karma? It’s the product of an electric sports car company that the Obama administration gave a $529 million loan guarantee to. Not only did it not create jobs in this country, but the one delivered to Consumer Reports locked up after 180 miles. Had to be towed.
So we subsidize a car company whose target market is “millionaires and billionaires.” Then we give them $7,500 more of our tax dollars to incentivize them to buy it. All that from the guy that calls himself a ‘warrior for the middle class.’
There is a consistency to be concerned about when it comes to ‘green investments’ by the government. The companies either fail, go bankrupt, send jobs overseas, any two, or all three.
Such a great job Obama is doing on this green energy front. What else could he possibly do?