Obama Stimulus Program Did Create Jobs -- In Finland!

[I AM NOT THAT GUY 5,715]

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.

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

[luckytxn 2,265]

This is another risky loan that was made to an Obama the Socialist campaign bundler right?

[mawilson 2,133]

At least it's Finland - a normal country - and not China for a change.

[Bad_Daddy 2,209]

At least it's Finland - a normal country - and not China for a change.

+1

[Ban Hammer 13,558]

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.

and all this time i thought they made scissors.

[Usui Takumi 1,562]

This is pretty bad. Why weren't there conditions on the loan?

[Obama 2012 1,714]

This is pretty bad. Why weren't there conditions on the loan?

conditions don't get you re-elected.

[spookyturtle 9,466]

I'm pretty sure Finland is one of those high quality of living countries, similar to Australia.

[luckytxn 2,265]

This is pretty bad. Why weren't there conditions on the loan?

Have to read the article in the link. All the green company loans have been to big Democrat campaign bundlers. Also of course Al Gore is involved.

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

[Leatherneck 693]

Have to read the article in the link. All the green company loans have been to big Democrat campaign bundlers. Also of course Al Gore is involved.

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

Not anti-capitalist Al Gore...involved in venture capital.

Edited October 22, 2011 by Leatherneck

[Leatherneck 693]

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.

http://abcnews.go.co...ory?id=14770875

Obama did say he wanted to spread the wealth around.

[웃 910]

I'm pretty sure Finland is one of those high quality of living countries, similar to Australia.

You're correct (AUS 7th of 40 - we are 12th - Finland 9th). New report released today.

Edited October 22, 2011 by Lord Infamous

[luckytxn 2,265]

Not anti-capitalist Al Gore...involved in venture capital.

Gore sits on many green tech boards. He is a wealthy many now because of all the money thrown at the green tech industry. I haven't found a green tech company yet that does not have Democrat campaign bundlers on their boards. This is turning into the most corrupt administration in history.

Obama did say he wanted to spread the wealth around.

Yes he is taking wealth and our taxes and spread it around to all his donors for sure.

[Leatherneck 693]

Gore sits on many green tech boards. He is a wealthy many now because of all the money thrown at the green tech industry. I haven't found a green tech company yet that does not have Democrat campaign bundlers on their boards. This is turning into the most corrupt administration in history.

Yes he is taking wealth and our taxes and spread it around to all his donors for sure.

Gore is one of those, "do as I say, not as I do" limo-liberals...in addition to his class walfare rhetoric.

[luckytxn 2,265]

Gore is one of those, "do as I say, not as I do" limo-liberals...in addition to his class walfare rhetoric.

Gore does like his Limos and big houses and massages.

Edited October 22, 2011 by luckytxn