We interrupt your OWSpectacle for some current-events commentary from Sarah Palin. She was on Hannity last night and gave her opinion on Libya (echoing what many of us wonder), and had kind words for Ron Paul, Herman Cain, Newt Gingrich, and Rick Perry. She would prefer Cain to tweak his 999 plan to a zero corporate tax, and seems pleased that Perry is embracing Steve Forbes’ flat tax.
8 minute video at RightScoop.
After the interview, she also tweeted this:
The link is to an ABC news investigation by Brian Ross (warning: video auto-starts, you may want to mute your pc or use headphones):
Car Company Gets U.S. Loan, Builds Cars In Finland
With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work.
Vice President Joseph Biden heralded the Energy Department’s $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the job of assembling the flashy electric Fisker Karma sports car has been outsourced to Finland.
“There was no contract manufacturer in the U.S. that could actually produce our vehicle,” the car company’s founder and namesake told ABC News. “They don’t exist here.”
The loan to Fisker is part of a $1 billion bet the Energy Department has made in two politically connected California-based electric carmakers producing sporty — and pricey — cutting-edge autos. Fisker Automotive, backed by a powerhouse venture capital firm whose partners include former Vice President Al Gore, predicts it will eventually be churning out tens of thousands of electric sports sedans at the shuttered GM factory it bought in Delaware. And Tesla Motors, whose prime backers include PayPal mogul Elon Musk and Google co-founders Larry Page and Sergey Brin, says it will do the same in a massive facility tooling up in Silicon Valley.
Be sure to read the whole article, because it’s another fascinating epic in the saga of Obamadministration Crony Capitalism.
Palin will be the keynote speaker at fundraiser dinner for the Republican Party of Florida on Nov 3. I don’t know if that is an exercise in irony, considering that the FL GOP’s decision to move its primary date up was to ensure Mitt’s victory, or if this is part of her change-the-team-take-over-the-GOP-from-the-inside plan.
Filed under: Crony Capitalism, Sarah Palin, Uncategorized | Tagged: Run-Sarah-Run, Sarah Palin | 11 Comments »