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After Receiving $500 Million Loan, Al Gore Backed Fisker Electric Motor Car Company Lays Off Workers

by Bargis Tryhol on 07/02/12 at 6:00 am

Wilmington, DE – (SatireWorld.com)

In yet another setback for President Obama’s clean energy loan programs, the recipient of more than a half-billion dollars in federal loan guarantees is laying off workers at their Delaware and California operations. This comes on the heels of other energy failures in which of the top dozen solar companies that received millions in taxpayer monies, almost all have failed and neglected to pay back the Federal loans.

SatireWorld reports that Fisker Automotive, a California-based electric car start-up company backed by Al Gore, is laying off an undisclosed number of staff to try to reserve enough capital in order to qualify for more federal help from the Department of Energy, according to a Delaware state development official. In case you’re confused, thats Delaware as in Joe Biden’s home state Delaware…Got it?

“They’re trying to preserve the cash that they have,” said Luis Alvarez told SatireWorld. “And unfortunately, until they meet the milestone that DOE continues to set…they’re not able to access the additional capital that they need.” When asked what the milestone was, he had ‘no idea,’ but said they had to have a car moveunder its

The company also came under fire last year for taking federal loans in 2009, almost immediately after Obama took office, then within months, began producing the cars in Finland using Finnish labor and materials. Company officials told SatireWorld News at the time that “there was no contract manufacturer in the U.S. that could actually produce our vehicle.” A fact that most auto industry experts say was pure bullshit, since many US auto plants were running at less than maximum production and ample manufacturing space was available and cheap.

The company was working on reopening a shuttered General Motors plant in Wilmington to produce vehicles — an effort that top Obama administration officials lauded, especially VP Joe Biden who pushed for his home state to benefit from the half-billion in free Federal monies. The plant was closed by GM in early 1950 as part of a cost cutting initiative that showed it to be a complete energy drain versus production gain. According to Al Gore, who knows all about this shit, “manufacturing the Fisker there, will offset the extremely high carbon footprint of the 120 year old coal burning factory.”

Meanwhile, EarthWeight,USA has reported that Al Gore has now tipped the scales at 1,350 lbs and has caused bed rock stress fractures in Lebanon, Tennessee.