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The main reason why we should not pay Finland to build electric cars over there is because we cannot afford to put millions in the Finnish economy while our own struggles. The cars are going to cost $100,000 base price. We are paying tax money to build cars that only the very rich will be able to afford. This is sensible to who? Especially as we war agains the rich here.
Stop spending for innovation elsewhere. Let it develop here. After all, we didn't pay Daimler to build cars in Germany when Henry Ford was cranking out less reliable cars. We didn't pay ANYONE. It developed from the Model T into the Mustang.
IF we were flush, had scads of money and manna was falling from the sky, sure, we can afford to throw a little around. Now? No.
Agreed, that we have limited funds to be throwing around and again I am all in favor of developing our domestic capability. However, would you not agree that our domestic capability to manufacture such things has decreased quite a bit since the the time when Henry Ford could build an enitre car in one plant?
I'm also led to believe that the company in question here, while building a high end car, was using that money for the development of a low cost electric car here are they not?
"Not a single dollar of the [Department of Energy] DoE loans has been, or will be, spent outside of America," a statement from Fisker spokesman Roger Ormisher said. "All expenditures are reviewed by [PriceWaterhouseCoopers] on behalf of the DoE." Press Secretary Jay Carney told ABC News White House Correspondent Jake Tapper Friday that the funds provided to Fisker "are not being used, as I believe the CEO said to ABC, are not being used for its facility in Finland."
Obama Admin. Defends Fisker Cars From Solyndra Comparison - ABC News
So someone on one side or the other is simply telling a whopper, if the company made a public statement like that, and it turns out not to be the case, then that statement right there is going to get them in a heck of a lot of trouble. While I don't like the idea of money being spent overseas for such things, Tipsy, technology is a global effort these days, and would be very hard for any company to simply build all its products here regardless of what they are. I would be very much in favor of something along the lines promotion of the assembly and whenever possible manufacture here and transition here for any of these sorts of things. I do understand your point, and would be very disappointed if the capability was already here and taxpayer dollars just went to help a company prop itself up with no benefits to the American public.