Obama’s $50 Million Dollar ‘Investment’ Only Lost $42 Million!
Yea! 8 September 2013 / 0 comments By now, you have all heard about how bad the jobs picture is, or should
I call it the no-jobs picture. We have lost another 300,000 from the work force, more than 90 million Americans
are not working, and it has been 35 years since we have had so few looking for jobs. You will be happy to
know however, that we have only lost 42 million dollars on one of Obama’s green car ventures. Heck, it
could have been 50 million. The $50 million was loaned to the Michigan-based green car company, Vehicle
Production Group or VPG, and they haven’t produced a thing since May. They made wheelchair accessible
green vehicles – obviously not very many of them.
They were called purpose-built vehicles. Cool, huh? The company went up for auction when no one was
foolish enough to buy it and $45 million dollars of the UStaxpayers’ investment went for $3 million to AM
General who were building the cars under contract. [I smell a rat here] VPG still has 3 employees.
The Energy Department’s Advanced Technology Vehicles Manufacturing program loaned them $50 million.
It was a financing scheme which happened to benefit some Obama fundraisers. Nissan, Tesla, Ford, and
Fisker also received $50 million in loans under this deal.
Read More: http://www.independentsentinel.com/
Read more at http://minutemennews.com/2013/09/obamas-50-mi...ZaL2qU1.99
Yea! 8 September 2013 / 0 comments By now, you have all heard about how bad the jobs picture is, or should
I call it the no-jobs picture. We have lost another 300,000 from the work force, more than 90 million Americans
are not working, and it has been 35 years since we have had so few looking for jobs. You will be happy to
know however, that we have only lost 42 million dollars on one of Obama’s green car ventures. Heck, it
could have been 50 million. The $50 million was loaned to the Michigan-based green car company, Vehicle
Production Group or VPG, and they haven’t produced a thing since May. They made wheelchair accessible
green vehicles – obviously not very many of them.
They were called purpose-built vehicles. Cool, huh? The company went up for auction when no one was
foolish enough to buy it and $45 million dollars of the UStaxpayers’ investment went for $3 million to AM
General who were building the cars under contract. [I smell a rat here] VPG still has 3 employees.
The Energy Department’s Advanced Technology Vehicles Manufacturing program loaned them $50 million.
It was a financing scheme which happened to benefit some Obama fundraisers. Nissan, Tesla, Ford, and
Fisker also received $50 million in loans under this deal.
Read More: http://www.independentsentinel.com/
Read more at http://minutemennews.com/2013/09/obamas-50-mi...ZaL2qU1.99