Another one of President Obama’s brilliant clean-energy ventures has collapsed after taking tens of millions of dollars from American taxpayers, in this case to develop a special wheelchair-accessible “green” van.
The news comes just weeks after a separate company that got nearly $200 million from the government to develop hybrid vehicles folded
. That fly-by-night company, Fisker Automotive, had been heavily touted by the administration as an innovator that would develop two lines of plug-in hybrid electric vehicles that could run up to 300 miles on a rechargeable Lithium-ion battery. Before doling out the cash, Obama’s Energy Secretary assured the cars “will save hundreds of millions of gallons of gasoline and offset millions of tons of greenhouse gas emissions by 2016.”
Instead the southern California startup manufactured a measly 2,700 vehicles, sold a laughable 2,000 and failed to build one for nearly a year before laying off three quarters of its employees. That’s after getting $192 million from Uncle Sam.
This week’s green-energy fleecing du jour is like a pathetic sequel to the Fisker scandal, except the hemorrhaging got plugged sooner, after only $50 million.
Second Obama Green Venture in Weeks Folds after Getting Millions | Judicial Watch