RUSH: ABC News has a big story here, and it can't get any traction. And the reason it can't get any traction is because Obama and Biden are running around talking about all the new rapes that will take place if the jobs bill doesn't pass. Then we wiped out Khadafy, and then 20 minutes or so ago, Obama announces the end of the Iraq war, that we're pulling all troops out by the end of the year. Now there are reports surfacing that the banks will be the recipients of fresh bailouts. Khadafy's wife is demanding an investigation. So there are all kinds of news stories out there that are keeping a major ABC investigative story from being prominently exposed.
I have that story here. It is by Matthew Mosk, Brian Ross, and Ronnie Greene. I actually have two stories here that dovetail. First from ABC News: "Car Company Gets US Loan, Builds Cars In Finland -- With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work. Vice President Joseph Biden heralded the Energy Department's $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the company's manufacturing jobs are still limited to the assembly of the flashy electric Fisker Karma sports car in Finland."
And there's a 2009 Wall Street Journal story, September 2009, that makes it clear that this was always the plan. It was always the plan that this electric car, financed by the taxpayers, would be built in Finland. So the regime knew this. They knew the cars would be made Finland when they gave Fisker the loan. "'There was no contract manufacturer in the U.S. that could actually produce our vehicle,' the car company's founder and namesake told ABC News. 'They don't exist here.' Henrik Fisker said the US money has been spent on engineering and design work that stayed in the US, not on the 500 manufacturing jobs that went to a rural Finnish firm, Valmet Automotive. 'We're not in the business of failing; we're in the business of winning. So we make the right decision for the business,' Fisker said. 'That's why we went to Finland.'"
Now, this is a company that Algore championed. And remember that it was well known back at the time of the loan, the taxpayer loan to this electric car company, that these cars would be built in Finland and not America. And then there's a story from Forbes yesterday which claims that when you count the true costs of the fossil fuels involved in the manufacturing of the car, everything else, the miles an hour for the Fisker electric car, 19 miles per gallon, is the same as an SUV. But what does an electric car run on? Coal! An electric car is a coal powered car, and they are cars built for rich people. These are not cars for people who are gonna be getting free diapers from Rosa DeLauro. These are status symbol, rich, elite electric cars, sort of along the same lines as the Tesla.
So what do we have here? Yesterday this is a breaking investigative story from ABC News and it can't get any traction because of all the other stuff that's out there: Obama pulling us out of Iraq, Khadafy room temperature, Khadafy's wife demanding an investigation, Biden running around like a chicken with its head cut off saying rapes are gonna increase if the bill's not passed. This is what I meant in the first hour when I said this is so absurd. Biden and these guys do not really believe rapes are going up. They're just saying this and they're doing it to draw attention away from any number of stories. And with Solyndra and all of the misuse of taxpayer money being lent to fraudulent new energy and green energy companies, here's another one, big time, Fisker, which didn't need the money when you get right down to it. The administration knew from the get-go that these cars, which will sell for $89,000 apiece, were going to be made in Finland. Just like George Miller in California, his kid is an executive at a solar firm. SunPower is the name of it and they're gonna be doing their manufacturing in Mexico.
So green energy is nothing more than a giant slush fund. It's nothing more than a campaign contribution vehicle. It's money laundering because the recipients of these loans -- Solyndra, George Miller, a number of other places -- the recipients of these loans are all fundraisers or bundlers for Obama. Well, I better be careful saying all. There might be a couple of them that aren't. But the bottom line here is that the vast majority of people that are getting these green energy loans are people that raised money for Obama or bundled money for Obama and they're being paid back. They're being paid back with money, a portion of which will come back to Obama again in the form of union dues and donations, contributions, what have you.
Wall Street Journal, September 25th, 2009: "A tiny car company backed by former Vice President Al Gore has just gotten a $529 million US government loan to help build a hybrid sports car in Finland that will sell for about $89,000. The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc." You know who two of the investors in Tesla are? The Google guys. The Google guys don't need a loan. Not a government loan. If they want to go a margin loan on their assets, fine. They don't need a government loan.
And from Forbes magazine from yesterday, this is Warren Meyer. "In the Clinton administration, the Department of Energy (DOE) created a far superior well to wheels MPGe metric the honestly compares the typical fossil fuel use of an electric vs. gasoline car." All you do is "multiply the EPA MPGe by .365 to get a number that truly compares fossil fuel use of an electric car with a traditional gasoline engine car on an apples to apples basis. In the case of the Fisker Karma, we get a true MPGe of 19." So it gets the same miles per gallon that an SUV gets. And the Forbes article makes it clear, this Fisker car is just a status symbol thing. It's 89 grand, it's futuristic looking, it is not a car for the masses. Folks, we're being scammed. This whole green energy thing in Obama's Department of Energy is a giant slush fund, just pure and simple, and of course it's cloaked in this wonderfully well-intentioned policy to save the planet and to save the climate and to stop global warming and to stop pollution and all that. Giant, giant trick. It's every bit the hoax that climate change and manmade global warming are.