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September 23, 2009
Feds "Loan" Half a Billion for Stupid Electric Cars to be Built Overseas
It's a good thing our government is so flush with cash that it can give out half a billion dollars in "loans" (that it will never see again) so that some guys in California can design luxury hybrids that will be built overseas.
The Energy Department said Tuesday it would lend $528.7 million to Fisker from a $25 billion fund to develop fuel-efficient vehicles.
Fisker, launched in 2007, is expected to release its first vehicle, the Karma, in the summer of 2010. The $87,900 plug-in luxury sports sedan, which has solar panels on the roof and allows motorists to drive gas-free for 50 miles, will be built in Finland by Valmet Automotive.
Wow! 50 whole miles! Gosh, everybody will want one of those! And it runs on electricity! Which doesn't require any consumption of resources or damage to the environment at all to produce, because it's magic!
Energy Kommissarr Stephen Chu announced that this glorious investment of the people's money would "create or save 5,000" jobs... a number that still had tiny bits of toilet paper clinging to it from the place he pulled it out of.
Posted by Gregory of Yardale at September 23, 2009 5:24 AM
Comments
How can anybody in the government say with a straight face, presumably blush-free, "save or create....." when they know the whole world laughs at them whenever they drag that out? OTOH, maybe they don't know.
Posted by: Karin at September 23, 2009 5:47 AM
Either it's a race to destroy America or the Obama administration is grossly incompetent. Maybe a bit of both?
Posted by: Jay B at September 23, 2009 6:11 AM
Not surprised, pretentious eco-limo's for America hating fat cat limousine liberals. From the Party of Hypocrisy. I'm sure Moore and Letterman already have their order in.
Posted by: TED at September 23, 2009 6:38 AM
These clowns keep biting off more than they can Chu.
Posted by: Ghost of Fu Manchu at September 23, 2009 6:39 AM
How are you supposed to run it when the electricity gets scarce?
Posted by: Mr Evilwrench at September 23, 2009 7:19 AM
... and the pricetag. That is their definition of affordable.
Absolute.stupidity.
Posted by: AmericanToTheCore at September 23, 2009 7:27 AM
Plus, how can someone seriously argue "it will create or save 5,000 jobs" when the end result is the product will be built overseas (production is where the majority of the jobs are in that industry)?
Are we going to magically need more salesmen?
Posted by: AmericanToTheCore at September 23, 2009 7:31 AM
They said it would save or create (LOL) 5000 jobs, but they didn't said the jobs would be here. Thanks for that, assholes.
Posted by: man of few words at September 23, 2009 7:39 AM
Like prince chucky urging everybody to give up thier cars for mass transit or walking or biking WHY DONT HIS LITTLE ROYAL BRATINESS GO TO THE TOWER OF LONDON AND HAVE A RAVEN TAKE A CRAP IN HIS FACE
Posted by: SPURWING PLOVER at September 23, 2009 11:56 AM
Missing a few minor details in this post are we?
"A fully-charged Karma burns no fuel for the first 50 miles. Venture further and the gasoline engine turns a generator to charge the lithium ion battery. Once the 50-mile electric range has been exceeded, the car operates as a normal hybrid vehicle. This balance of electric and gas range makes it entirely possible that Karma drivers who charge their car overnight and commute less than 50 miles a day will achieve an average fuel economy of 100 mpg (2.4L/100km) per year."
Factual post deleted in 10... 9... 8... 7...
Posted by: Jack at September 23, 2009 10:41 PM
DKQSE4 I want to say - thank you for this!
Posted by: lilikindsli at September 30, 2009 9:27 AM
all good things
Posted by: Globals at October 2, 2009 6:12 PM
