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$529 million in U.S. government loans to build high-end hybrids that retail for $89,000?

A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.
The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla, like Fisker, is a California startup focusing on high-end hybrids, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.

Effective use of Government money? What say you?


Asked by grlygrlz2 at 10:02 AM on Sep. 25, 2009 in Politics & Current Events

Level 39 (106,530 Credits)
This question is closed.
Answers (14)
  • ridiculous, but not surprising.

    Answer by momjoy1027 at 10:14 AM on Sep. 25, 2009

  • grlygrlz2

    Answer by grlygrlz2 at 10:02 AM on Sep. 25, 2009

  • NO WAY am I spending that much for a car! Government has to rein in their spending somewhere, and ending this loan program is one place to start.

    Answer by pagan_mama at 10:14 AM on Sep. 25, 2009

  • The cars will be made in FINLAND! That is a BAD use of American money. Why not build them here, and provide jobs?

    Answer by mancosmomma at 10:23 AM on Sep. 25, 2009

  • Thank you, Al Gore, for once again putting your own agenda above that of the American people.


    Answer by Anonymous at 10:30 AM on Sep. 25, 2009

  • Oh yes,,,this was REALLY help the middle class and the poor...yup...WAY TO GO !!! (insert dripping sarcasm here).

    Have we really NOT figured out Al Gore is an idiot, yet?


    Answer by abbynzachsmommy at 10:46 AM on Sep. 25, 2009

  • Well now this is just the smartest thing>>>>>>eyes spinning in my head here>>>>>>>>

    How do they think the upper class will afford this when they are going full steam ahead to tax them to death?
    What about that promise to create jobs.......wait a minute did he just say "create jobs" or did he say "create American jobs?"

    I think the whole thing is a BIG CROCK O'CRAP! Aren't we glad Al Gore WASN'T president!

    Answer by yourspecialkid at 10:52 AM on Sep. 25, 2009

  • Yes, lets make hybrids in FINLAND with American money, then ship them thousands of miles, polluting all the way, so rich people in the U.S. can ACT as if they care about the environment.

    Answer by mancosmomma at 11:06 AM on Sep. 25, 2009

  • Al Gore as always a jackass

    Answer by tnmomofive at 11:15 AM on Sep. 25, 2009

  • Yes, this makes me soooo happy.....arrrrgh! Al Gore "The Inconvenient Idiot."

    Answer by AngelaKay at 12:08 PM on Sep. 25, 2009