Fisker Auto Plan Dies

http://www.foxnews.com/politics/2013/01/...to-plant-idles/

As Al Gore laughs all the way to his bank.


Delaware taxpayers appear to be getting soaked twice under a deal in which the Democratic governor lent $21.5 million to a hybrid electric carmaker to set up shop in the state. The company has yet to produce a car in Delaware, and taxpayers are footing the electric bill for the idle plant.

The deal was enthusiastically announced in 2009 by Gov. Jack Markell and Vice President Biden -- formerly Delaware's senior senator -- as a way to bring as many as 2,500 green jobs to the state. But California-based Fisker Automotive Inc. has since suffered a series of setbacks that have compounded its shaky financial situation.

"This is never a good roll for the government -- corporate welfare,"
said Paul Chesser, an associate fellow at the conservative-leaning National Legal and Policy Center. "Let the market put up the money, not the taxpayer."

Chesser also points out the similarities of California-based solar company Solyndra going bankrupt after receiving nearly $530 million in federal loan money from the Obama administration.