Friday, October 21, 2011

This administration is failing epically because it’s business ignorance is only matched by its liberal arrogance, which has become a barrier for any course corrections.

Obama Administration Keeps Discovering New Ways To Screw Up - Strata-sphere

This time it's an electric car company that received a $529 million federal government loan guarantee... assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work.

So tax payers now have blown over $500 million on Solyndra – only to see its promised new jobs disappear, and over $500 million on a fake green car now being manufactured in Finland. Anyone ever think to restrict these loans to ‘Made in America’?

Car Company Gets U.S. Loan, Builds Cars In Finland - Ties to Major Obama Bundlers -- and Al Gore - ABC News