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Fisker Karma: Obama's Latest Green Disaster?

Fisker Karma: Obama's Latest Green Disaster?

In the first presidential debate, Mitt Romney said of Obama’s green energy initiatives “You don’t pick winners and losers, you only pick losers.” The list of so-called losers, which already included the well-known Solyndra and the Chevy Volt also included Finnish car company Fisker. Fisker’s new electric vehicle, Karma, was created with a $529 million loan guarantee from Obama’s Department of Energy (DOE) and, as with previous green projects, it is not looking as though the taxpayers can expect repayment.