Friday, September 25, 2009
Department of Energy Subsidizes Sports Cars for Millionaires
A few months after the Department of Energy gave a $465 million sweetheart subsidized loan to Tesla Motors, to build two $100,000+ all-electric sports cars in the UK, now they've given a $529 million sweetheart subsidized loan to Fisker Automotive, an Al Gore-backed company that will build an $89,000 hybrid sports car. It is stupid that the Federal Government is taking money from Americans and subsidizing Finnish and British jobs when there is increasing unemployment in the United States (or anytime for that matter). It is criminal that the Federal Government is taking money from poor and middle-class taxpayers and subsidizing toys that only the very wealthy can afford. It goes to prove that big Government programs serve the most wealthy on the backs of workers and entrepreneurs.