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Friday, October 21, 2011

Fisker Automotive: The Latest Solyndra

Another example of crony capitalism. Fisker Automotive, a company that has strong Obama ties, received a $529 million taxpayer loan to build hybrid cars in the U.S. The company instead outsourced all of its production to Finland.

Even if the company isn't a total fraud like Solyndra, why in the world should we taxpayers be funding a risky venture based in Finland when we're racking up $1,500,000,000,000.00 in additional debt each year?