Free Republic

Gannet News outlet, so LINK only. This is the first of a 3-part series on Hunter’s business dealings in Delaware.

Governor Palin posted a statement on Facebook about today’s news that Fisker Automotive is laying off three-fourths of its U.S. workers: Once again, the American public lost when the Obama administration attempted to pick “winners and losers” in the free market. Today the electric car company Fisker Automotive, which received nearly $200 million in taxpayer money, is laying off three-fourths of its U.S. workers.The Anaheim, CA-based start up has failed at pretty much every level – especially when it comes to the company’s ultra expensive luxury electric hybrid, the Karma (what a name!), which is assembled in Finland and received...

Among President Obama's disingenuous promises made over his four years, he said he would focus on creating "jobs that pay well and can't be outsourced." Yet he spent billions of U.S. taxpayer's money overseas to create outsourced jobs. Typical of Obama's passion for outsourcing was the appointment of his jobs czar, Jeffrey Immelt, the CEO of General Electric. Even as he was basking in the prestige of his new title, Immelt was closing his last U.S. plant making light bulbs in Virginia and opening a plant in China to manufacture more expensive light bulbs, which Americans will be forced to...

The left continues to pile on Mitt Romney for allegedly outsourcing jobs while at Bain Capital. Yet the mainstream media seem curiously uninterested in reporting on “outsourcing” by the Obama Administration, which has (1) outsourced stimulus monies to create jobs in foreign nations, (2) outsourced U.S. foreign policy to U.N. and (3) outsourced our kids and grandkids financial future to pay for his unprecedented spending binge. The Obama Stimulus has turned out to be an exercise in Venture Socialism . Unlike Venture Capitalism, in which investors risk their own capital to help companies launch and grown, Venture Socialism is when...

Just when you thought crony handouts of taxpayer millions couldn’t get much worse than the White House managed Solyndra debacle, along comes the story of global warming shyster Al Gore and fledgling, plug-in hybrid car maker Fisker Automotive, Inc. In 2009, Gore happened to be at an event hosted by the California venture capital firm of Kleiner, Perkins, Caulfield and Byers. Of course, Al happened to be there because he is a PARTNER in the firm. Well low and behold, Fisker CEO Henrik Fisker just happened to be there too and pitched Gore on the virtues of his 50 mile-per-battery-charged,...

When the White House announced the federal government would loan $465 million to Tesla, a California start-up company with plans to develop an all-electric sedan, President Obama called it an "historic opportunity to ensure that the next generation of fuel-efficient cars and trucks are made in America." The loan also represented a lucrative opportunity for Steve Westly, a major investor in the car company who had raised more than $500,000 for the president's campaign. In 2009, the U.S. Department of Energy lent more than half a billion dollars to companies backed by Westly's California venture capital firm. In 2010, the...