Sarah Palin On Obama’s ‘Green’ Crony Capitalism
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Sarah Palin says we must elect leaders who understand cronyism if we every intend to stop it as we watch another Obama-backed boondoggle screw the taxpayer:
Once again, the American public lost when the Obama administration attempted to pick “winners and losers” in the free market. Today the electric car company Fisker Automotive, which received nearly $200 million in taxpayer money, is laying off three-fourths of its U.S. workers.
The Anaheim, CA-based start up has failed at pretty much every level – especially when it comes to the company’s ultra expensive luxury electric hybrid, the Karma (what a name!), which is assembled in Finland and received a green-energy loan to transition the assembly to the U.S., something that never happened.
This losing tax-subsidized venture joins other past losers like the Obama-subsidized Volt that gets 40 miles per battery charge, or like the Obama-subsidized Tesla that turns into a “brick” when the battery completely discharges and then costs $40,000 to repair.