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'Green Jobs Stimulus Program? ' Part 2

The Obama Administration selectively invested billions in risky companies that had a political tilt. These investments are proving to be ill-advised.

The Obama Administration lent another green company over one half billion dollars in an attempt to create American jobs in 2009.  Unfortunately, it created jobs in Finland.  

Eventually, a former GM plant in Vice-President Biden's home state opened to create some American jobs.  Due to prohibitive costs to the average consumer and less than ideal quality, the green company, Fisker,  that received over $500 million in, similar to Solyndra, is struggling.

A price point of over $100,000 for an electric car that failed when Consumer Reports planned to evaluate it, will not help the sales.  The production of the automobiles has been halted and workers are being laid off.  Will this company follow the path of the solar panel company?  

President Obama has a challenge in his attempt at "five more years".  Will he lead and continue to try to steer our nation in the right direction before November or will he spend the balance of his first term defending his record?

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Alex Tytler March 10, 2012 at 06:33 AM
Did obama support the Toyota prius? I dont think so, they are non UAW in all their plants. No he's got our money on the chevy volt, which can't sell 1000 units and catches on fire.
Daniel Patti March 10, 2012 at 01:15 PM
Toyota took the chance and they should be rewarded, thats my point Let the private sector take the risk and if successful reap the rewards.
Alex Tytler March 10, 2012 at 01:20 PM
...and if not, go out of business. Creative destruction, and the taxpayers don't loose if the idea doesn't work. GM should not be here to be putting heat on Toyota.
Swami March 10, 2012 at 02:17 PM
A former Toyota exec claims that the Japanese government was very involved with the financial backing for the Prius development.
Richard B. Fisher, DDS August 18, 2012 at 08:23 PM
http://engt.co/OxFv4T

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