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The elusive quest for "Green Grail" will be with us for the foreseeable future: There are a half-dozen or so related enterprises launched by the White House and guaranteed by taxpayers' dollars. Most of these are now in various stages of going under.
Now we can add Fisker Automotive of Anaheim, Calif., to the list--another half a billion dollars guaranteed by the taxpayer to manufacture "Karma," a (sub)compact car, in Finland. Tell me about "outsourcing" and give me a break!
Actor Leonardo DiCaprio has just purchased one, at something over $100,000. There will be other buyers,
I wonder if the White House has ever heard about a thorough business plan preceding commitment of venture capital. How about a market overview analysis, cash flow, sales projections, comparative/competitive advantage (of a new product entering the market), and so on?
If there is no thorough business plan for these misbegotten ventures, I would call this type of action a criminal insanity.
If there were one--which surely would have to be overruled and rejected--and if such plan were nevertheless given a "go ahead" (perhaps for political gain), then we witness a fraudulent ripoff of the taxpayer, pure and simple.
This probably will surface at some time in the future.
A final note: Before entering into such wild schemes,
George J. Vanek