Sunday, October 23, 2011

Stimulus, Solyndra, and Your Tax Dollars at Work

ABC News broke the story that the Obama Administration is using U.S. Federal tax dollars to pay for foreign cars to be built in Finland. When pitching the deal, Joe Biden claimed hundreds of jobs would be created in the U.S. building these cars. Instead, they are being built in Finland. Like Solyndra, the Energy Department has loaned Fisker over $500 million in U.S. tax dollars to date.

The car, the Fisker Karma, has more bad news. Despite being a purported “green” car, it gets a measly 20 miles per gallon when using its gasoline powered engine. A Ford Explorer SUV gets better mileage than the latest Obama Administration boondoggle.

Will everyday Americans be able to pick up a Karma? Probably not considering the Fisker Karma MSRP is $95,900. But, good news, Leonardo DiCaprio picked one up. So, if we are lucky, we will get to see our tax dollars at work the next time Leo rolls up to the red carpet for the latest Hollywood event.

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