January 3, 2013

Question: What's the difference between Joe Biden and Fisker Karma Automotive Inc? Answer: One is a taxpayer subsidized failure and the other is a failed electric car company


Delaware taxpayers appear to be getting soaked twice under a deal in which the Democratic governor lent $21.5 million to a hybrid electric carmaker to set up shop in the state. The company has yet to produce a car in Delaware, and taxpayers are footing the electric bill for the idle plant. 

The deal was enthusiastically announced in 2009 by Gov. Jack Markell and Vice President Biden -- formerly Delaware's senior senator -- as a way to bring as many as 2,500 green jobs to the state. But California-based Fisker Automotive Inc. has since suffered a series of setbacks that have compounded its shaky financial situation. 

"It has not worked out the way he had envisioned," Markell spokeswoman Cathy Rossi acknowledged Monday in a statement to FoxNews.com. "We didn't know and couldn't have known about the underlying technical and financial problems."...



No comments:

Post a Comment