Fisker $192 million taxpayer investment goes to China

Fisker $192 million taxpayer investment goes to China

Fisker Karma wikimediaThis is the perfect government program. Fisker Automotive got $192 million of our tax dollars for its greenie electric flivver. Then it want bankrupt. Now the Chinese bought it for $25 million.

So here’s how government works nowadays.

1. The U.S. government borrows $192 million from China, part of trillions borrowed from China, which ads to the federal deficit and debt we taxpayers will be forced to pay back.

2. The money goes to a favored “green” company.

3. The company goes bankrupt.

4. The company’s assets are sold to China.

5. China gets the company and its technology.

6. U.S. taxpayers still owe China $139 million from the original loan.

(Apparently some of the loan was paid off earlier by U.S. taxpayers to China.)

Tags assigned to this article:
ChinaJohn SeilerFisker Automotive

Related Articles

Ex-Brown adviser: ‘powerful interests’ run state

Most Californians sense that special interests, not voters, run the state. That’s why voter turnout hit record lows last November.

Garcetti shows why minimum wage kills jobs

In backing a higher minimum wage for his city, Los Angeles Mayor Eric Garcetti inadvertently explained how it would kill

Robert Gates scorns the RINOs who don't get ripped enough

One of the wonderful things about the rise of Ron and Rand Paul and the increasingly libertarian tone of some