Do we really need the Federal Government to fund the development of $100K hybrid sports cars?

Obama loaned Fisker Automotive nearly $600 million of tax payer money to build high-end luxury electric cars. In Finland (note: does Obama count manufacturing jobs in other countries as “jobs created” by his policies?).

And, just like most of Obama’s wealth transfers to his fiends and campaign donors in the “green industry,” Fisker Automotive is also flailing.

The foreign automaker, whose luxury electric cars are rumored to start at $94K (if you can afford a $94K car, is the cost of gasoline rally a factor in your day-to-day priorities?) is apparently laying off 26 workers in Delaware and California.

Just another horrible case of the federal government picking winners and losers in what should be a free market economy. If there was a market for Fisker’s cars and technologies, then the free market would have suppoted them. But, since there obviously isn’t, we the tax payers are left holding the bill for their failures, without the business owners haveing to absorb any real loss. Oh, and in this case, one of the principel owners of this company is none other than the Green Swindler himself, Al Gore.

And if that doesn’t all piss you off enough, it looks like Fisker’s layoffs are just an attempt to stay liquid long enough to get another infusion of tax payer money from Obama (which they will also pocket and squander before dissappearing):

In another setback for President Obama’s clean energy loan programs, the recipient of more than a half-billion dollars in federal loans is laying off workers at their Delaware and California operations.

Delaware’s News Journal reports that Fisker Automotive, a California-based electric car start-up company, is laying off an undisclosed number of staff to try to reserve enough capital in order to qualify for more federal help from the Department of Energy, according to a Delaware state development official.

“They’re trying to preserve the cash that they have,” said Alan Levin told the News Journal. “And unfortunately, until they meet the milestone that DOE continues to set … they’re not able to access the additional capital that they need.”