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Solyndra II

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Just another fine example of our government misallocating taxpayer money. But hey, what's another $529 million when the Fed is printing $85 billion a month?



Fisker Automotive entered the electric car market with hefty support from the U.S. Energy Department and backing from such celebs as Justin Bieber and Leonardo DiCaprio, but the company and its high-priced Fisker Karma have continued to skid financially.





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So a company with just over 200 employees before the layoffs burned through almost 200M of the loan in 2 years before the feds got involved?  Glad they cut the line off but given the size of the company that loan just seems massive.  I realize it's in an industry they're trying to help grow and it takes money to do that but given the price of the cars how big did they think the demand would be?  I get that the cars aren't going to be cheap but I would love know what kind of pitch they gave while applying for that loan.   

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