Rush Limbaugh's Morning Update: Go Green?
From Rush Limbaugh: Folks, those of us who pay taxes (which is an ever-shrinking number in this country) have just forked over half a billion dollars to help a small auto manufacturer bill hybrid cars in Finland.
Fisker Automotive, the beneficiary of a huge taxpayer-funded loan, has a high profile backer: a Silicon Valley venture capital firm -- Kleiner Perkins Caufield & Byers (KPCB, for short). The Vice Perpetrator, Algore, just happens to be a partner at KPCB, whose employees have donated over $2 million to Democrats, including Obama and Hillary. Isn't that cozy!
The most amazing aspect about the "green car" that American taxpayers are funding is that the average American will never be able to drive one. Henrick Fisker, the head of the new car company, used to design cars for BMW and Aston Martin. His planned luxury hybrids will sell for close to $90,000 each.
The half-billion-dollar loan to Fisker is on top of another half-billion-dollar loan to Tesla Motors, a California startup with another group of investors who donated heavily to Democrats. Tesla's electric Roadster -- assembled in England -- starts at $109,000.
So Americans are funding green cars they'll never be able to afford -- some made in Finland, some in England -- by two companies that are part of the Democrat Party donor base. When Obama and the Democrats made promises about all the new "green jobs" they were planning, they were short on the details. Now we know why.
Read the Background Material on the Morning Update...
• WSJ.com: Gore-Backed Car Firm Gets Large US Loan
Fisker Automotive, the beneficiary of a huge taxpayer-funded loan, has a high profile backer: a Silicon Valley venture capital firm -- Kleiner Perkins Caufield & Byers (KPCB, for short). The Vice Perpetrator, Algore, just happens to be a partner at KPCB, whose employees have donated over $2 million to Democrats, including Obama and Hillary. Isn't that cozy!
The most amazing aspect about the "green car" that American taxpayers are funding is that the average American will never be able to drive one. Henrick Fisker, the head of the new car company, used to design cars for BMW and Aston Martin. His planned luxury hybrids will sell for close to $90,000 each.
The half-billion-dollar loan to Fisker is on top of another half-billion-dollar loan to Tesla Motors, a California startup with another group of investors who donated heavily to Democrats. Tesla's electric Roadster -- assembled in England -- starts at $109,000.
So Americans are funding green cars they'll never be able to afford -- some made in Finland, some in England -- by two companies that are part of the Democrat Party donor base. When Obama and the Democrats made promises about all the new "green jobs" they were planning, they were short on the details. Now we know why.
Read the Background Material on the Morning Update...
• WSJ.com: Gore-Backed Car Firm Gets Large US Loan
posted by Andy W. Rogers | 7:39 AM
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