$500 Million in Stimulus Going to Finnish Company

A Finnish electric car company that is backed by Al Gore, is receiving a $500 million stimus loan offer from Obama's DOE, while American companies are languishing. This half billion will be added to the billions of stimulus loans Obama is sending to Brasil to help them with their offshore oil drilling. Like Mr. Obama says: "either you pass my stimulus plan, or unemployment in the US will go over 8%!" Memo to Mr. Obama: US unemployment was at 9.7% at latest tally. But then, with all the emphasis shifting to saving Obamacabre, Cap 'n Trade, and ACORN, those early "vital" stimulus plans seem to have dropped under the radar.

The US Government offered $529 million loan to an Al Gore-backed company making $89,000 all-electric sports car in Finland, while US projects for US jobs go unfunded.

...The DOE denied that politics played a role in the decision, saying that a “detailed technical review” took place, and that the bulk of loan proceeds for the Silicon Valley-based Fisker will go towards development of a $40,000 family sedan.

There’s only one catch. According to the Journal, the family sedan has not yet been designed. _BiofuelsDigest

This little stimulus grant to Finland has "political payoff" written all over it -- like almost everything else the Obama / Pelosi reich has done during its short time in power. Chicago payoffs and paybacks at home. Neville Chamberlain and Jimmy Carter appeasement abroad. Sounds like a quick road to utter collapse.

Cross-posted to Al Fin Energy