WASHINGTON -- A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.
The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla, like Fisker, is a California startup focusing on high-end hybrids, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.
OK, they got a half billion dollars of my money because why:
- Finland needs the jobs?
- We need more $89k hybrid sports cars?
- Al Gore needs the money?
OK, I know he doesn't need the money. But the Democrats won, so Al Gore gets his turn sucking the marrow from the bones of the country.
Sure, energy research, greener America, butterflies, blah-blah-blah. But the fact remains that when it's a good idea to invest in $89k sport car technology, the market will invest in it.
I have great faith in the awesome engine that is America. And I haven't really been worried that this recession will get worse. But I'm getting concerned that our focus has been on making life better for bankers, UAW workers, econuts, SEIU, ACORN, UAW again, and Democrats. Enough already.