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Life, Liberty, and the Firearms that protect them both

Heartless Republicans want to spend money on disaster relief instead of luxury electric cars

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The bastards.

WSJ: Leveraging a Hurricane

Here’s the story: In June, House Republicans passed the 2012 Homeland Security appropriations bill, which included an amendment adding $1 billion to the Disaster Relief Fund of the Federal Emergency Management Agency (FEMA). In a sensible move for taxpayers, the amendment offsets this new disaster funding by cutting spending on the Advanced Technology Vehicles Manufacturing Loan Program. This may ring a bell with readers as the funding conduit for one of Washington’s adventures in crony capitalism.

In 2009, the Department of Energy announced that it would loan more than half a billion dollars through this program to a California-based company, Fisker Automotive, to make luxury electric cars. About a month after the loan package was conditionally approved, CEO Henrik Fisker and Joseph Biden appeared in the Vice President’s hometown of Wilmington, Delaware to announce that Fisker would now be making some of its cars at the city’s old General Motors factory.

At the event, Mr. Biden described many “long talks” he’d had with Mr. Fisker. The Vice President’s office later said that Mr. Biden didn’t make any direct appeals to Energy before the loan was approved, but Delaware’s chief of economic development told the Journal that Mr. Biden was the state’s “secret weapon, except there is nothing secret about Joe Biden.”

All of this is background to say that the GOP has found the federal program that is arguably the most deserving of a cut to free up funds for disaster victims. But Senate Democrats refuse to pass the House bill and Mr. Cantor has earned their ire this week by continuing to press for cuts in corporate welfare.

Democrats standing up for the little guy… driving a big luxury electric car.

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Written by BornLib

September 3, 2011 at 6:11 pm

Posted in Economics, Liberalism

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