Is this what you pay taxes for? Obama administration gives $529 million to?

Answers:2   |   LastUpdateAt:2012-10-02 09:34:03  

Question
vineeth
Asked at 2012-09-18 03:26:04
Is this what you pay taxes for ? Obama administration gives $ 529 million ? MedlinePlus Yesterday , the Obama administration gave a loan of $ 529 million American taxpayers to a car company in Finland ( promoted by Al Gore ) to make a $ 90,000 sports car in Finland that banks refused to lend money to because the possibilities of redemption was thin .
MedlinePlus This is creating jobs in Finland , not the United States. MedlinePlus MedlinePlus How many American families can buy this car for $ 90,000 - Finland - if it ever makes it to production MedlinePlus ? MedlinePlus http://online.wsj.com/article/SB12538316
Answer1govindAnswered at 2012-09-24 02:25:02
well , by all means , 529 million $ $ $ is pocket change ... it's nothing compared to the 12 billion Federal Reserve Bank robbed us .
Answer2ColberAnswered at 2012-10-02 09:34:03
In part , yes, absolutely . MedlinePlus MedlinePlus DOE officials spent months working with Fisker on its application , touring its Irvine , Calif., and Pontiac , Mich., facilities and test drive prototypes . MedlinePlus MedlinePlus Matt Rogers , who oversees the department's loan programs as an adviser to Energy Secretary Steven Chu , said Fisker was awarded the loan after a " detailed technical review " that concluded the company could eventually offer a very low power fuel hybrid car to a mass audience . Fisker said most of its DOE loan will be used to finance U.S. production of a $ 40,000 family sedan that has yet been designed . MedlinePlus MedlinePlus "It's the ability to drive significant change in fuel economy across a large market segment " that swayed the department to approve the Fisker loan , Mr. Rogers said . " We are very excited ." MedlinePlus MedlinePlus Henrik Fisker , who designed cars for BMW , Aston Martin and Tesla before starting his Fisker Automotive in 2007 , said his goal is to build the first plug-in electric hybrids that will not sacrifice the luxury , performance and appearance gasoline traditional luxury cars . MedlinePlus MedlinePlus From its source code . MedlinePlus MedlinePlus http://online.wsj.com/article/SB12538316
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