Uncle Sam dropped $529mil loan for company where jobs are being outsourced to Finland

http://i.imgur.com/ZD7J9.jpg

u mad? :rofl:rofl I think all the tax payer just got punk’d…:rofl:rofl On top of that, those are the cars that 90% of the population will not buy and/or afford.

Enjoy your stay.

Car Company Gets U.S. Loan, Builds Cars In Finland

With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work.

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. But two years after the loan was announced, the job of assembling the flashy electric Fisker Karma sports car has been outsourced to Finland.

“There was no contract manufacturer in the U.S. that could actually produce our vehicle,” the car company’s founder and namesake told ABC News. “They don’t exist here.”

Henrik Fisker said the U.S. money so far has been spent on engineering and design work that stayed in the U.S., not on the 500 manufacturing jobs that went to a rural Finnish firm, Valmet Automotive.

“We’re not in the business of failing; we’re in the business of winning. So we make the right decision for the business,” Fisker said. “That’s why we went to Finland.”

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…continue article HERE

source: abc

"“We’re not in the business of failing; we’re in the business of winning. So we make the right decision for the business,” Fisker said. “That’s why we went to Finland.” - Fisker CEO

This would be like if you got robbed and the robber stab you in the face and then you saying thank you. :crackup:crackup

“henrik Fisker said the U.S. money so far has been spent on engineering and design work that stayed in the U.S.”

500 manufacturing jobs ain’t shit

no shit they should have just cut 500 1 million dollar checks to americans and lit the other 29 million on fire.

We dont even know how much of the us money went to finland

Ridiculous.

This deal did not affect fried chicken or watermelon supplies. Obama no care

http://front-free.com/wp-content/uploads/2010/05/OBAMACHICKEN.jpg

Why are people still surprised by this? Manufacturing is expensive in the US therefore companies will likely manufacturer overseas. The Obama administration and congress are incompetent so they will make risky business start up loans like this without any strings attached. Duh.

Ron Paul. 2012.

PJB 2012.

Once he gets rid of(ethnically cleanses) all of the minorities country will run nice and smooth

:rofl