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(Fox News)   Hurricane Sandy may have savaged Delaware's beaches, but it took the one-two punch of Hurricanes Biden and Obama to visit the financial devastation of the failed Fisker electric car plant upon the taxpayers who live there   (foxnews.com) divider line 30
    More: Sad, Fisker Automotive, Biden, Delaware, obama, A123 Systems, government bonds, senior senator, beaches  
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8467 clicks; posted to Main » on 03 Jan 2013 at 3:20 PM (2 years ago)   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



Voting Results (Smartest)
View Voting Results: Smartest and Funniest


Archived thread
2013-01-03 02:53:29 PM  
4 votes:
This makes the Chevy Volt look like a resounding success.

When libs pick winners and losers, union thugs win and taxpayers lose, every time.
2013-01-03 03:51:43 PM  
3 votes:
I'm OK with this, and here's why.

Alternative energy needs to be on the table. Every aspect of our way of life is tied up with abundant cheap energy. Right now fossil fuels are the only game in town, especially in the transportation sector, which is huge.

Ensuring a steady supply of energy is in the national interest.

We can argue about the exact amounts, but fossil fuels are finite. Demand for them is skyrocketing.

There is little market incentive at present for alternative energy. Fossil fuels are still relatively cheap, and provide good economic return. The market will not turn to alternative energy until the price of fossil fuels gets a lot higher, at which point it will be too late to make a major switch.

Yeah, there's going to be failures, slow development, dead ends, etc. The private market won't bear those. Fine. Let's bear those costs as a nation, and keep that ball rolling.

Government regularly invests in things that the nation needs but lack sufficient private marketization. Vaccines, roads, etc.
2013-01-03 03:50:07 PM  
3 votes:

Gentoolive: Obamer picks another loser, what a surprise. If that moron tried to pick his nose, he'd put his eye out.


Republican logic:

1. If the government tries to help a business, but the business fails, then the government is evil.

2. If the government does nothing to help a business, and the business fails, then the government is evil.

3. If the government tries to help a business, and the business succeeds, then then business succeeded in spite of the government, because bootstraps....and the government is evil.
2013-01-03 03:31:43 PM  
2 votes:

twistofsin: What kind of emissions problems can you have on electric vehicles?


It was a hybrid, Fisker sourced the motor from GM and did a Volt style thing. What ultimately did Fisker in was they tried to take components optimized for fuel saving and make it performance. An analogy would be if say you owned a Prius and one day went out and bolted the turbocharger off a sports car to the Prius. Bad things would happen. Fisker felt they had the knowledge needed to solve those bad things, they didn't.

/I know some ex GM employees who applied for Fisker and were met with an attitude of "No, no, you're some loser from a Michigan auto company. Use silicon valley folk will solve this." Turns out they actually did need some mechanical engineers with auto experience on staff
2013-01-03 03:25:34 PM  
2 votes:
Mitt Romney and Paul Ryan doesn't like that Obama uses the government to pick which industries win and which industries lose, and Jon Stewart looked at just why it's a problem last night on The Daily Show. Turns out, it's a philosophical issue. Government money shouldn't be going into specific industries like green energy companies.

So where should money go? You know, technology and science research, Pell grants, infrastructure. Wait, hold on. "That's picking winners and losers!" Stewart said. "Investing in roads, rails, and air traffic is saying yes to cars, trains, and planes but f**k the bicycles. It may be a good decision but it's still picking winners and losers, and the government has always done that."

Every decision government makes picks winners and losers, Stewart said. But maybe Romney and Ryan don't think we should have picked winners and losers in World War II. Stewart goes dark: "Unlike them, I'm glad we beat Hitler."
2013-01-03 02:25:07 PM  
2 votes:

Lando Lincoln: What the hell is subby biatching about now?


An empty building isn't empty any more, but it isn't making cars because - surprise! - making cars can be hard if you don't have institutional experience.

In other words, businesses fail - it's pretty common - but because subby presumably has an ax to grind, it's the evil democrats and their corporate welfare at fault.

Of course, mention similar programs by members of the GOP and it's all about the (potential) jobs that were killed by an anti-business environment
2013-01-03 04:18:18 PM  
1 votes:
Government funded experimental technology has been the driving force the last 50 years.

It spawns all kinds of spin-offs and start ups.

Yes, some fail. But the risk/reward is far to great to pass up.
2013-01-03 04:16:59 PM  
1 votes:

Albert911emt: Gentoolive: Obamer picks another loser, what a surprise. If that moron tried to pick his nose, he'd put his eye out.

Republican logic:

1. If the government tries to help a business, but the business fails, then the government is evil.

2. If the government does nothing to help a business, and the business fails, then the government is evil.

3. If the government tries to help a business, and the business succeeds, then then business succeeded in spite of the government, because bootstraps....and the government is evil.


The GOP does believe Government can help industry, just as long as its an industry that gives lots of cash to the GOP, like, for example, fossil fuels or agriculture.
2013-01-03 04:01:22 PM  
1 votes:

bikerific: I'm OK with this, and here's why.

Alternative energy needs to be on the table. Every aspect of our way of life is tied up with abundant cheap energy. Right now fossil fuels are the only game in town, especially in the transportation sector, which is huge.

Ensuring a steady supply of energy is in the national interest.

We can argue about the exact amounts, but fossil fuels are finite. Demand for them is skyrocketing.

There is little market incentive at present for alternative energy. Fossil fuels are still relatively cheap, and provide good economic return. The market will not turn to alternative energy until the price of fossil fuels gets a lot higher, at which point it will be too late to make a major switch.

Yeah, there's going to be failures, slow development, dead ends, etc. The private market won't bear those. Fine. Let's bear those costs as a nation, and keep that ball rolling.

Government regularly invests in things that the nation needs but lack sufficient private marketization. Vaccines, roads, etc.


More importantly, Delaware does not have a well-diversified jobs base, and manufacturing jobs in particular have taken a nosedive here in the last two decades (see below BLS chart of in-state manufacturing jobs, 1993-2012). Putting us on the hook for a $9m investment in sustainable industry is worth the potential loss, and I'd support expanding the program to other industries as well. Besides, the government loses money on "bad bets" every day -- just ask a republican what he's doing with his federally-subsidized student loan...

data.bls.gov
2013-01-03 03:59:12 PM  
1 votes:

MrSteve007: So the government made a loan to a US car maker, which includes provisions to get the money back in the case of a bankruptcy, and somehow, Republicans are outraged.


It is a day ending in Y, so the Republicans are outraged.
2013-01-03 03:55:53 PM  
1 votes:
WTF does Obama have to do with this. This is a deal between the State and Fiskar.

/why would you loan a scizzor company that much jack anyway?
2013-01-03 03:53:13 PM  
1 votes:

easypray: Mitt Romney and Paul Ryan doesn't like that Obama uses the government to pick which industries win and which industries lose, and Jon Stewart looked at just why it's a problem last night on The Daily Show. Turns out, it's a philosophical issue. Government money shouldn't be going into specific industries like green energy companies.

So where should money go? You know, technology and science research, Pell grants, infrastructure. Wait, hold on. "That's picking winners and losers!" Stewart said. "Investing in roads, rails, and air traffic is saying yes to cars, trains, and planes but f**k the bicycles. It may be a good decision but it's still picking winners and losers, and the government has always done that."

Every decision government makes picks winners and losers, Stewart said. But maybe Romney and Ryan don't think we should have picked winners and losers in World War II. Stewart goes dark: "Unlike them, I'm glad we beat Hitler."


What industriy(ies) have Obama & Biden picked that have been winners?
2013-01-03 03:43:29 PM  
1 votes:
Another government boondoggle. But let's debate the more important issue which is what letter follows their name.

/as if it makes any difference.
2013-01-03 03:43:19 PM  
1 votes:
Hey, they did that to Wisconsin, too. Fortunately the governor is running a surplus and can handle the hit. Imagine that, a SURPLUS. Suck it, IL.
2013-01-03 03:35:49 PM  
1 votes:

Fluorescent Testicle: BunkoSquad: This headline made me realize I haven't seen meow said the dog around here in a while.

MSTD is actually funny, though.


NO MSTD is NOT actually funny. KIDNEY STONES are funny compared to MSTD.
2013-01-03 03:34:55 PM  
1 votes:
It's a good thing that none of our old, tried and true technologies deliver massive failures like this.

lh5.ggpht.com
2013-01-03 03:34:25 PM  
1 votes:

BunkoSquad: This headline made me realize I haven't seen meow said the dog around here in a while.


MSTD is actually funny, though.
2013-01-03 03:29:34 PM  
1 votes:

twistofsin: FTA:

"Fisker opened for business in 2007, and its early problems were largely related to such technical issues as steering and emissions.

Read more: http://www.foxnews.com/politics/2013/01/03/delaware-taxpayers-increasi ngly-on-hook-as-fisker-auto-plant-idles/#ixzz2GwjAWILa"

What kind of emissions problems can you have on electric vehicles?

WTF?


The Fisker has a turbocharged gasoline generator. The batteries only take it a couple dozen miles before it kicks in. The electric motors put out nearly 500 ft.lbs of torque to the wheels though.
2013-01-03 03:28:58 PM  
1 votes:
Fox News chooses this to be the Sandy outrage du jour, instead of the asinine denial of relief by Congress.

/Real 'Murika, as brought to you by a British Billionaire and a Saudi Prince.
2013-01-03 03:28:07 PM  
1 votes:

MrSteve007: Republicans are outraged.


redundancy is redundant................
2013-01-03 03:27:21 PM  
1 votes:
Also, Fiskers seem to go all kaboom when you submerge them.
www.blogcdn.com
2013-01-03 03:27:18 PM  
1 votes:
SOURCE = INVALID
2013-01-03 03:27:17 PM  
1 votes:
FTA:

"Fisker opened for business in 2007, and its early problems were largely related to such technical issues as steering and emissions.

Read more: http://www.foxnews.com/politics/2013/01/03/delaware-taxpayers-increasi ngly-on-hook-as-fisker-auto-plant-idles/#ixzz2GwjAWILa"


What kind of emissions problems can you have on electric vehicles?

WTF?
2013-01-03 03:26:03 PM  
1 votes:
less Fox Noise and more real news sources on fark please.
2013-01-03 03:25:59 PM  
1 votes:
So the government made a loan to a US car maker, which includes provisions to get the money back in the case of a bankruptcy, and somehow, Republicans are outraged.
2013-01-03 03:24:08 PM  
1 votes:
tl;dr: What Fox News is saying:

kukis.org
2013-01-03 03:23:56 PM  
1 votes:

QueenMamaBee: That headline made my head hurt.


Exactly. I'm running slow today so I read it like 3 times. I was still like whhaaaaaa?
2013-01-03 03:22:32 PM  
1 votes:
That headline made my head hurt.
2013-01-03 03:22:28 PM  
1 votes:
Yeah, I don't guess it's reasonable to allow the FREE MARKET to pick the winners and losers, is it?

Sarcasm switched to full throttle
2013-01-03 02:17:00 PM  
1 votes:
What the hell is subby biatching about now?
 
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