Gore-Backed Car Firm Gets Large U.S. Loan

happyhollergal · 10-01-2009, 01:25 AM

I ran across this article and thought I'd share it. It seems that our government has plenty of money to loan out to those with a lot of clout, while others are just left with rejected applications. Tesla Motors and this new guy on the block are only serving those with money to play with.

WASHINGTON -- A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.

http://online.wsj.com/article/SB125383160812639013.html

10-01-2009, 01:25 AM	#1
happyhollergal Avalon Senior Member Join Date: Sep 2009 Location: Rutherfordton, NC Posts: 181	Gore-Backed Car Firm Gets Large U.S. Loan I ran across this article and thought I'd share it. It seems that our government has plenty of money to loan out to those with a lot of clout, while others are just left with rejected applications. Tesla Motors and this new guy on the block are only serving those with money to play with. WASHINGTON -- A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000. http://online.wsj.com/article/SB125383160812639013.html