It is enough to make you want to hop in your Fisker and drive off a fiscal cliff.
You should know Fisker because you have helped to finance the Anaheim, Calif., company that makes — well, has made a few — electric cars. Its only model, the Karma — really; Obama administration green investments are beyond satire — costs $110,000. Your subsidy helped Justin Bieber, the fabulously rich Canadian teenager (he sings), buy one. No one ever said saving the planet one electric car at a time would be easy.
The Wall Street Journal reports that despite Fisker’s $192 million in Energy Department loans, the Karma “has been hobbled by recalls and quality problems” and the company has sacked half its employees. But perhaps Fisker’s biggest problem is that its source of batteries, A123 Systems, has gone bankrupt in spite of its $249 million Energy Department grant. The administration that in the fiscal cliff drama is demanding control of much more of the nation’s wealth is the author of many Solyndra-style debacles.
~ George Will
Grouch: Comrades, this cannot be true. Mr. Will surely knows our central planners have great and glorious visions of the future that will lead us to economic nirvana if we only give them a greater percentage of our money. His kind of wit is not appreciated at the highest levels of the politburo. We just may have to gift him a Fisker and let him suffer the consequences.