Cowlesy
09-25-2009, 07:36 AM
http://online.wsj.com/article/SB125383160812639013.html?mod=WSJ_hpp_MIDDLTopStor ies
By JOSH MITCHELL and STEPHEN POWER
WASHINGTON -- A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.
The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla, like Fisker, is a California startup focusing on high-end hybrids, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.
The meat of the article is about halfway through it. Here is a snippet.
Fisker's top investors include Kleiner Perkins Caufield & Byers, a veteran Silicon Valley venture-capital firm of which Gore is a partner. Employees of KPCB have donated more than $2.2 million to political campaigns, mostly for Democrats, including President Barack Obama and Hillary Clinton, according to the Center for Responsive Politics, a nonpartisan group that tracks campaign contributions.
Officials at Kleiner Perkins didn't return requests for comment.
More at the link.
So there you have it folks, like I and many others have been saying all along. This Greentech bullshit is so that Al Gore and his friends can get enormously wealthy. Al Gore even has an EQUITY STAKE in the company that's going to make $89,000 Roadsters that few can afford. Ohhh that's real good "social justice" there, right?
By JOSH MITCHELL and STEPHEN POWER
WASHINGTON -- A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.
The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla, like Fisker, is a California startup focusing on high-end hybrids, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns.
The meat of the article is about halfway through it. Here is a snippet.
Fisker's top investors include Kleiner Perkins Caufield & Byers, a veteran Silicon Valley venture-capital firm of which Gore is a partner. Employees of KPCB have donated more than $2.2 million to political campaigns, mostly for Democrats, including President Barack Obama and Hillary Clinton, according to the Center for Responsive Politics, a nonpartisan group that tracks campaign contributions.
Officials at Kleiner Perkins didn't return requests for comment.
More at the link.
So there you have it folks, like I and many others have been saying all along. This Greentech bullshit is so that Al Gore and his friends can get enormously wealthy. Al Gore even has an EQUITY STAKE in the company that's going to make $89,000 Roadsters that few can afford. Ohhh that's real good "social justice" there, right?