Showing posts with label Government Idiocy. Show all posts
Showing posts with label Government Idiocy. Show all posts

Monday, June 3, 2013

Richard Windsor Wins EPA Ethics Awards


I. Shit. You. Not.
Only in a government this Orwellian...

“I like my fake employees to be of the highest ethical standards and fully up to date on the law and ethics of federal recordkeeping,” CEI's Chris Horner told the Washington Free Beacon. “At least someone there is.”

H/T AOSHQ Sidebar

Thursday, April 11, 2013

Karma is a MuthaFucka


Well, bankrupt Fisker got the balance of its half-billion DOE Scamulus loan guarantee anyway Friday and immediately fired 75 percent of its employees. Oops...
According to the class action suit filed by Outten & Golden, in a California district court, Fisker failed to notify the employees 60 days in advance, violating the federal U.S. Worker Adjustment and Retraining Notification Act and a similar state WARN Act.
The same firm won $3.5 million for fired Solyndsa workers.
Bwuhahahahahahahahahahahahahahahahahahahahahahahaha. 

H/T Tom Nelson 

Saturday, March 30, 2013

Fisker Hires Bankruptcy Lawyer, Still Wants $300 million In Scamulus

They only make one product, the Karma, a $96,500 luxury electric sportster that only Elitist Eco-tards like Leo DiCaprio can afford to slake their vanity with. The company hired a bankruptcy attorney on Good Friday.
And even though it's burned through $1 billion already, and its latest speculative venture is to build the $55,000/copy Atlantic is with China, Fisker still wants the balance of its $529 million US DOE Scamulus loan guarantee.
Obamandias and Steven Chu were unavailable for comment.


Even the DOE Loan Program Office still touts the public benefits of taxpayer “investment” in Fisker, noting that the project would produce 2,000 permanent jobs, 17.4 million gallons of gasoline displaced, 154,000 tons of carbon dioxide avoided, and 30,000 annual cars off the road.

Actual results for the $193 million in taxpayer funds already flushed on this boondoggle...?


So as a result, some 200 employees in the U.S. are idled. This is a drop from 775 employees in February 2012, when Fisker lopped off 71 workers when its plans to build the Atlantic in Delaware were shelved. Forty more were let go late last year, and apparently another 100 were dropped since December. But again, multiple media sources have said no Karmas have been produced for eight months, and as of October only 2,000 had been sold.

Curiously, ultra-rich Karma owners DiCaprio, Algore and Justin Bieber were absent from the Bankruptcy announcement.

H/T Tom Nelson

Wednesday, March 27, 2013

BioFuels: Working Even Better Than They Planned



Ah, the wonders of a command economy...
In one scenario analyzed by NERA, the death spiral produces a 30% increase in gasoline prices and a 300% increase in the cost of diesel fuel in 2015. Potential adverse macroeconomic impacts include a “$770 billion decline in GDP and a corresponding reduction in consumption per household of $2,700.” Ludwig von Mises coined a term for such debacles: “Planned Chaos.”
Well, if it's getting Henry Waxhead to actually take another look, it's almost worth it.

H/T Tom Nelson