US Taxpayers fund jobs in Finland.... thanks OBAMA!

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http://abcnews.go.com/Blotter/car-company-us-loan-builds-cars-finland/story?id=14770875

The loan to Fisker is part of a $1 billion bet the Energy Department has made in two politically connected California-based electric carmakers producing sporty -- and pricey -- cutting-edge autos. Fisker Automotive, backed by a powerhouse venture capital firm whose partners include former Vice President Al Gore, predicts it will eventually be churning out tens of thousands of electric sports sedans at the shuttered GM factory it bought in Delaware. And Tesla Motors, whose prime backers include PayPal mogul Elon Musk and Google co-founders Larry Page and Sergey Brin, says it will do the same in a massive facility tooling up in Silicon Valley.

Well gee golly, looks like some more Dems benefiting from tax payer loans... but don't worry, we will all be able to afford these electric cars... right???

Fisker is more than a year behind rolling out its $97,000 luxury vehicle bankrolled in part with DOE money. While more are promised soon, just 40 of its Karma cars (below) have been manufactured and only two delivered to customers' driveways, including one to movie star Leonardo DiCaprio. Tesla's SEC filings reveal the start-up has lost money every quarter. And while its federal funding is intended to help it mass produce a new $57,400 Model S sedan, the company has no experience in a project so vast.

Well... maybe not.

But at least Obama isn't giving favors to billionaires.... except for Kaiser/Page/Brin.... and....

Kleiner Perkins partner John Doerr, a California billionaire who made a fortune investing in Google, hosted President Obama at a February dinner for high-tech executives at his secluded estate south of San Francisco.

But it's only four, we promise.... plus the global warming fear mongering wannabe billionaire.....

Former Vice President Al Gore is another Kleiner Perkins senior partner. Gore could not be reached for comment.

just coincidence these guys are major Obama fundraisers.... no Solyndra here.... nope....

Tesla brings political pull, as well. A former Tesla board member, Steve Westly, is an Obama bundler who raised hundreds of thousands of dollars for the president in 2008 and for his 2012 re-election campaign. His Westly Group was also a financial supporter of Tesla Motors until Tesla went public in 2010, and Westly continues to back the company. Westly has declined interview requests since February, but has appeared in multiple conferences, forums and TV interviews publicly praising Tesla Motors.

Tesla's founder and CEO, Elon Musk, is a hearty political contributor who has primarily backed Democrats, including Obama.

But not to worry Taxpayers... your money is safe... right?

Tesla has yet to turn a profit and suffered net losses in each quarter. "Since inception and through the three and six months ended June 30, 2011, we had accumulated net losses of $522.8 million," its most recent 10-K form shows.

But not to worry Taxpayes.... they have the experience necessary to turn these losses around.... right?

"We have no experience to date in high volume manufacturing of our electric vehicles," Tesla's SEC filings say. "Our future business depends in large part on our ability to execute on our plans to develop, manufacture, market and sell our planned Model S electric vehicle."

So their future depends on whether or not they will be able to sell their nearly $60k electric car? Well.... fuck.

 

[apple0154]

http://abcnews.go.com/Blotter/car-company-us-loan-builds-cars-finland/story?id=14770875



Well gee golly, looks like some more Dems benefiting from tax payer loans... but don't worry, we will all be able to afford these electric cars... right???



Well... maybe not.

But at least Obama isn't giving favors to billionaires.... except for Kaiser/Page/Brin.... and....



But it's only four, we promise.... plus the global warming fear mongering wannabe billionaire.....



just coincidence these guys are major Obama fundraisers.... no Solyndra here.... nope....



But not to worry Taxpayers... your money is safe... right?



But not to worry Taxpayes.... they have the experience necessary to turn these losses around.... right?



So their future depends on whether or not they will be able to sell their nearly $60k electric car? Well.... fuck.

I'm sure Herman Cain would say, "Those who can't afford one can only blame themselves."

 

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I'm sure Herman Cain would say, "Those who can't afford one can only blame themselves."

Must deflect criticism of Obama.... must deflect criticism of Obama....

 

[apple0154]

Must deflect criticism of Obama.... must deflect criticism of Obama....

Hey, I'm all for an electric sports car. Currently I'm driving a car like this. Same year, different color.

After purchasing it I found out it's known for it's electrical problems. The company which made it's electrical components, Lucas, is known as "The Prince of Darkness." That just about says it all.

 

[Rune]

http://abcnews.go.com/Blotter/car-company-us-loan-builds-cars-finland/story?id=14770875



Well gee golly, looks like some more Dems benefiting from tax payer loans... but don't worry, we will all be able to afford these electric cars... right???



Well... maybe not.

But at least Obama isn't giving favors to billionaires.... except for Kaiser/Page/Brin.... and....



But it's only four, we promise.... plus the global warming fear mongering wannabe billionaire.....



just coincidence these guys are major Obama fundraisers.... no Solyndra here.... nope....



But not to worry Taxpayers... your money is safe... right?



But not to worry Taxpayes.... they have the experience necessary to turn these losses around.... right?



So their future depends on whether or not they will be able to sell their nearly $60k electric car? Well.... fuck.

Holy shit you partisan attack hack.

So shocking to you that these particular capitalists are democrats instead of the usual republicans that you had to start a thread about it?

Being a year behind on such an ubelievably large task as building a massive manufacturing operation with no previous experience in the feild is hsocking to you why?
Rome wasn't built in a day.

Presidents tend to eat with billionares. What is your point?

That the consortium includes a former vice president certainly adds gravitas to the credibilty in terms of aranging private or government financing.

Alot of very wealthy and wise people apparently think this is a safe investment.

If not, they will keep hiring people untill they find someone who can. How much did Amazon lose? Why are you against manufacturing jobs and the creation of wealth in this country by americans?

 

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Holy shit you partisan attack hack.

So shocking to you that these particular capitalists are democrats instead of the usual republicans that you had to start a thread about it?

Wow, someone's panties are in quite the bunch today. They take a tax payer funded loan, that was touted to provide AMERICAN jobs and they ship those jobs to Finland instead. Why I am not shocked that the liberal outrage over outsourcing isn't going to be very high in this case?

Being a year behind on such an ubelievably large task as building a massive manufacturing operation with no previous experience in the feild is hsocking to you why?
Rome wasn't built in a day.

The point was not so much that they were just a year behind. It was that it was on a $97k dollar car. Why the fuck are tax payers funding work that produces vehicles most Americans cannot afford anyway? Even their $56k 'low cost' model is unaffordable for all but those evil wealthy people.

Presidents tend to eat with billionares. What is your point?

After how many fucking posts about the Koch brothers, the above is quite funny.

That the consortium includes a former vice president certainly adds gravitas to the credibilty in terms of aranging private or government financing.

The fact that a known LIAR is involved should actually be a cause of concern for tax payers. We all know Gore has lost all credibility, especially when it comes to issues involving alt energy.

Alot of very wealthy and wise people apparently think this is a safe investment.

LMAO... yeah, they thought the same thing with Solyndra.

 

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Wow, someone's panties are in quite the bunch today. They take a tax payer funded loan, that was touted to provide AMERICAN jobs and they ship those jobs to Finland instead. Why I am not shocked that the liberal outrage over outsourcing isn't going to be very high in this case?

That's awesome. Aren't you leaving out a few pertinent facts? And it looks like you don't understand what outsourcing is.

The point was not so much that they were just a year behind. It was that it was on a $97k dollar car. Why the fuck are tax payers funding work that produces vehicles most Americans cannot afford anyway? Even their $56k 'low cost' model is unaffordable for all but those evil wealthy people.

Most people aren't going to buy any electric car. The people that buy electric cars these days are people with money. The benefit to taxpayers in lending money to these ventures is the development of the technology than can later be used to expand the electric car market to lower price points.

 

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That's awesome. Aren't you leaving out a few pertinent facts? And it looks like you don't understand what outsourcing is.

Please, do explain outsourcing to us Dung.... I am sure this will be quite entertaining.

Most people aren't going to buy any electric car. The people that buy electric cars these days are people with money. The benefit to taxpayers in lending money to these ventures is the development of the technology than can later be used to expand the electric car market to lower price points.

LMAO.... you are indeed limber to have stretched that far.

 

[Bonestorm]

Please, do explain outsourcing to us Dung.... I am sure this will be quite entertaining.



LMAO.... you are indeed limber to have stretched that far.

You're a joke, SF.

 

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You're a joke, SF.

Does this mean you cannot explain outsourcing to us? I had my pen and paper ready to take notes and everything.

Please tell us how shipping the production that was supposed to be in the US over to Finland is somehow not outsourcing? Inquiring minds want to know.

 

[SmarterthanYou]

Hey, I'm all for an electric sports car. Currently I'm driving a car like this. Same year, different color.


After purchasing it I found out it's known for it's electrical problems. The company which made it's electrical components, Lucas, is known as "The Prince of Darkness." That just about says it all.

good for you. what if I don't want one?

 

[Rune]

Must deflect criticism of Obama.... must deflect criticism of Obama....

Must attempt to criticise Obama.

 

[Rune]

good for you. what if I don't want one?

Don't buy one.

 

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Must attempt to criticise Obama.

Vice President Joseph Biden heralded the Energy Department's $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs.

When his VP states the loan is going to provide American manufacturing jobs and then the jobs end up in Finland instead.... yeah, I am going to criticize the administration.

 

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LMAO.... you are indeed limber to have stretched that far.

Bullshit. The development of the manufacturing technology must be acomplished before economical mass manufacturing can occur.
Develolping a large fleet of electric cars is vital to national security.

 

[Rune]

Does this mean you cannot explain outsourcing to us? I had my pen and paper ready to take notes and everything.

Please tell us how shipping the production that was supposed to be in the US over to Finland is somehow not outsourcing? Inquiring minds want to know.

Production needs to start. The U.S. is presently unequipped. U.S. manufacturing is planned. Stop spazzing out.

 

[Rune]

When his VP states the loan is going to provide American manufacturing jobs and then the jobs end up in Finland instead.... yeah, I am going to criticize the administration.

It's not over till the fat lady sings.

 

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Bullshit. The development of the manufacturing technology must be acomplished before economical mass manufacturing can occur.
Develolping a large fleet of electric cars is vital to national security.

ROFLMAO.... no it is not. Electric cars will NEVER be a huge component to our energy use. Nat gas vehicles far and away are the better option. We have the tech available today. If National Security were the issue, we would be drilling our own Nat Gas and Oil, we would be promoting the use of nat gas infrastructure development. We would not be using nat gas and coal to produce electricity for cars that might get you 30 miles before needing to suck more electricity from the grid.

 

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It's not over till the fat lady sings.

Good to know you are supportive of corporations outsourcing when it makes business sense to do so.

Good to know you have no problem with taxpayers funding jobs in other countries.

 

[Rune]

ROFLMAO.... no it is not. Electric cars will NEVER be a huge component to our energy use. Nat gas vehicles far and away are the better option. We have the tech available today. If National Security were the issue, we would be drilling our own Nat Gas and Oil, we would be promoting the use of nat gas infrastructure development. We would not be using nat gas and coal to produce electricity for cars that might get you 30 miles before needing to suck more electricity from the grid.

What a total crock of shit. The S sedan you disdain so heartily has a range of 300 miles per charge.
The infrastructure is presently sufficient for electric cars, none presently exists for natural gas.
Due to the inherent efficiency of electric motors, electric cars use less energy overall, even acouting for inefficiencies in generation and delivery.

Drilling for both oil and natural gas are long term solutions only and enviromentaly hazardous. Night time charging makes existing generation facilitys more efficeint.