Noxious Corruption in Plain Sight

Fisker Automotive, Inc. is a start-up car company in California. Fisker is about to build the Karma, a hybrid/electric, luxury sports car that will sell for $89,000.

Al Gore, former Vice President and grand ayatollah of the shrine of global climate change (formerly, “global warming,” before the earth cooled for twelve years)  is a partner in Kleiner Perkins Caufield & Byers, a venture capital firm.  Kleiner Perkins Caufield & Byers is an investor in Fisker Automotive, Inc.

The Obama Administration just enhanced the value of Gore’s investment by loaning $529 Million to Frisker Automotive to fund production of the Karma.  This money was, of course, borrowed from the private economy, leaving that much less to be invested in job creating business ventures.

Fisker Automotive predicts the Karma will be able to travel a whopping fifty miles on a charge.  Then, it will have to be recharged.

This utterly impractical, high-end, rich man’s toy will be built:

  • Not in Fisker’s home state of California where the unemployment rate is 12.2%;
  • Not in Michigan where the unemployment rate is 15.2% and 100,000 experienced auto workers are idle;
  • Not in the politically critical swing state of Ohio where unemployment is 10.8%

Fisker Automotive will be building it’s new, American taxpayer funded car in Finland.

This kind of thing used to be done in secret and it was called “corruption.”  And sometimes government officials were caught and prosecuted for corruption.  That was when the political establishment worried that a majority of Americans would oppose such imperious defiance of the U.S. Constitution and of common sense.

But that was then.  This is now, and all the facts in this article came from The Wall Street Journal, not from an undercover investigation, or confidential interviews of whistle blowers.

The openly corrupt Political establishment no longer fears the voters.  Instead, voters have begun tp fear an increasingly authoritarian and powerful central government, led by arrogant and ruthless politicians.

1 Comment so far

  1. David Herron on September 27th, 2009

    Some corrections to your misstatements: The loan was for a more modest priced next generation car that would be closer to $39,000. The production of the Karma is in Finland as you say, but it wasn’t stated where the next generation car would be produced.