Saturday, November 23, 2013

Hey, It's Only $139,000,000 Of Taxpayer Money

From the Las Vegas Sun: The Obama administration said Friday it will lose $139 million on a loan to struggling electric car maker Fisker Automotive Inc. after selling part of the loan to a private investor that immediately took the company into bankruptcy.
The $139 million loss is the largest in the Obama administration's green energy loan program since the 2011 failure of solar panel maker Solyndra. The government lost $528 million in the Solyndra collapse, triggering sharp Republican criticism of the loan program and President Barack Obama's investments in green energy.  http://www.lasvegassun.com/news/2013/nov/22/us-fisker-electric-car/
I'd be willing to bet that the owners of the company are also big donors to Democrats and Obama.

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