AmericanThinker: They are blaming the layoffs on their inability to find a partner to fund operations. This isn't surprising. Who wants to get in business with a company selling lemons as electric cars?
By most accounts, the Karma is a nice car - when it worked - and nice to look at. But if Fisker goes belly-up, it is likely that taxpayers won't see much of their $500 million investment. This isn't unusual for Obama's green revolution which appears to have a knack for picking losers in instead of winners. Fisker's business plan has been questioned since they came into existence so it's not like no one was expecting this.
In fact, it is exactly what we've come to expect for Obama's pet green projects.
Tuesday, April 9, 2013
Fisker: the next Solyndra
With the news of Fisker's mass layoffs of over 75% of their workforce, we are presented with another crony experiment gone wrong...that likely no one will be held accountable for throwing away all of that taxpayer funding, over and over, yet again.
