'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?

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Daniel Patti March 09, 2012 at 11:57 PM
This is another example of Wahington corruption. The DNC waisted billions of taxpayer dollars helping their friends create a market for products we obviously don't want. In the end taxpayers get nothing while the CEO's ( aka friends of the DNC ) pocketed millions of dollars running corporations into bankruptcy.
Swami March 10, 2012 at 12:23 AM
"products we obviously don't want" ? Speak for yourself. 10 years ago short sited folks were bad mouthing the idea of hybrid cars. The Toyota Prius sold 300 units in 1997, 19,500 in 2000, and cumulative worldwide Prius sales reached the 1 million mark in April 2008.[44] By early 2010, the Prius global cumulative sales were estimated at 1.6 million units
Sam Mihailoff March 10, 2012 at 12:50 AM
Hybrid cars make sense with alot of inner city stop and go traffic but actually get less MPG just "driving"...Also, you don't want to own one when it is time to change the battery...BIG BUCKS...I looked into it a couple years back, did not make practical sense for this area
JoeFive March 10, 2012 at 12:57 AM
Sully, total auto sales globally are about 60 million units. So 1.6 million in Prius sales, which represent 2.5% of total global sales, is nothing to get excited about. Besides, the point of the blog post is the failure and waste of money this president has expended on senseless "green" energy initiatives and incentives.
Swami March 10, 2012 at 01:12 AM
What is "just driving" ? 2012 Honda Civic vs. 2011 Toyota Prius: Hybrid Mileage Test Read more: 2012 Honda Civic Hybrid - 2011 Toyota Prius - Popular Mechanics Beginning in Santa Monica, we cruised up the California coast to U.S. Route 101 and pressed onward, north of Santa Maria. To even out any differences in driving style between PM's testers, we switched cars often and locked the cruise control at or below 70 mph whenever possible. But when we filled both cars up at the end of the day, the Prius was the highway fuel economy champ, returning 51.4 mpg. The Civic delivered a very respectable 47.1 mpg. I suspect that in the next few years the milage will continue to improve, and the battery costs drop.
Swami March 10, 2012 at 01:14 AM
The same people who whine about the cost of fuel are the same people who whine about developing alternatives.
Swami March 10, 2012 at 01:20 AM
February hybrid sales spiked at two-and-a-half-times the increase of the also rising passenger vehicle market at 66.3 percent for hybrids, compared to 25.9 percent for the whole vehicle market.
John Munro March 10, 2012 at 04:04 AM
To say that President Obama is quixotic seems apt.
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


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