A California based company making luxury electric cars just got half billion dollar loan from the federal government.This from the Wall Street Journal: A tiny car company backed by former Vice President Al Gore has just gotten a $529 million U.S. government loan to help build a hybrid sports car in Finland that will sell for about $89,000.The award this week to California startup Fisker Automotive Inc. follows a $465 million government loan to Tesla Motors Inc., purveyors of a $109,000 British-built electric Roadster. Tesla is a California startup focusing on all-electric vehicles, with a number of celebrity endorsements that is backed by investors that have contributed to Democratic campaigns. (Emphasis added.)The big money loan shows that while politicians profess to make equitable, unbiased, “stand for the little-guy” economic decisions, they invariably use their power to pad the pockets of their political allies.Elected leaders always want the public to focus on the...(Read Full Post)