Sarah Palin published a rant on Facebook on Friday, attacking the Obama administration and its decision to subsidize green technology companies including carmakers Fisker Automotive and Tesla Motors.
Former vice-presidential candidate Sarah Palin published the following April 5 statement on Facebook:
Once again, the American public lost when the Obama administration attempted to pick "winners and losers" in the free market. Today the electric car company Fisker Automotive, which received nearly $200 million in taxpayer money, is laying off three-fourths of its U.S. workers.
The Anaheim, CA-based start up has failed at pretty much every level - especially when it comes to the company's ultra expensive luxury electric hybrid, the Karma (what a name!), which is assembled in Finland and received a green-energy loan to transition the assembly to the U.S., something that never happened.
This losing tax-subsidized venture joins other past losers like the Obama-subsidized Volt that gets 40 miles per battery charge, or like the Obama-subsidized Tesla that turns into a "brick" when the battery completely discharges and then costs $40,000 to repair.
This is really just the latest manifestation of the administration's crony capitalism as their green energy buddies benefit from this atrocious waste of taxpayer money. Americans really need to get outraged by these wasteful ventures. As we've seen time and time again, We the People are always stuck subsidizing the left's "losers."
So what's the solution and where do Americans go with our outrage? Stand up against the crony capitalism and elect only those who understand and will let America's marketplace dictate economic successes, instead of letting politicians (some who have never run any business nor even worked in the private sector) choose free enterprises' winners and losers. Take a stand, friends. Nothing will change unless you do.
Shortly after Fisker's troubling announcement of a 75 percent layoff of its work force, Sarah Palin took advantage of the uncertainty at Fisker to throw criticism against small start-up green technology companies as a whole.
However, Sarah Palin could stand to do a little homework before throwing jabs at Tesla and its CEO, Elon Musk.
In fact, Tesla Motors had recently announced its first quarter of profit. What's more, Tesla intends to repay all its Department of Energy loans five years earlier than expected. In addition, Tesla stocks have soared by nearly 20 percent over the past year. Most importantly, the highly innovative Tesla Model S was unanimously voted as the 2013 Motor Trend Car of the Year.
Responding to Palin's claims, Tesla CEO Elon Musk tweeted sarcastically:
Sarah Palin calls Tesla a loser. Am deeply wounded. rawstory.com/rs/2013/04/07/...Btw, Model S warranty does cover "bricking".
— Elon Musk (@elonmusk) April 8, 2013
Brushing off the unfounded claims coming from the former Alaskan president, Musk resumed doing what he does best -- giving Tesla fans a sneak peek of the super sexy candy red paint job available for future Tesla Model S sedans:
New Tesla red going down assembly line for the first time. We spent a lot of time on this color! twitter.com/elonmusk/statu… — Elon Musk (@elonmusk) April 8, 2013
Elon Musk: 1
Sarah Palin: 0
