Latest posts by Steve Stanek (see all)
- Don’t Expect Big Changes to Come from the Republicans’ Big Wins - November 5, 2014
- Fear the Day Government’s Great Fiction Lies Exposed - October 26, 2014
- Abusive Tax Policies Are to Blame for Corporations Going Overseas - October 18, 2014
I’m scanning headlines on the Internet. I see President Obama has announced he’ll agree to cut Social Security and other benefit programs in exchange for higher taxes. I think, “Take more, give less. This is what government has done to me my whole life.”
I jump to another headline. It reads, “Fisker Automotive lays off most workers, struggles to find investor.” Fisker Automotive sounds familiar. Didn’t the federal government give that company a boatload of money? I start reading the story. I read this:
“Fisker has been working for months to raise $500 million so it could restart production of the Karma, its only model, which was built in Finland. Fisker stopped making the $110,000 plug-in hybrid last year after A123 Systems Inc., the maker of its lithium-ion battery, filed for bankruptcy.
“The company ran into a cash crunch after the federal government froze an Energy Department loan. Fisker is supposed to make the first payment on some of $192 million it borrowed from the government later this month.”
That’s right! The feds loaned Fisker money. I go back and read again. A $192 million loan to build a $110,000 hybrid sports car! This from an administration that stresses solidarity with the middle- and lower-income groups who could never afford such a car — an administration that constantly harps on its desire for the wealthiest Americans to pay more taxes and that’s demanding higher taxes in exchange for cutting Social Security, Medicare and other benefits.
It’s late in the day and I’m tired and can’t think of anything to say. Is there anything to say beyond the facts as already stated? A president who wants to raise taxes and lower benefits, and whose administration gave a $192 million loan to build $110,000 sports cars that probably won’t be repaid. Just another day in federal government.