Billions & Billions & Billions….

Post by Randy in Richmond

From 2010 this is Vice-President Biden promising what a $192 million dollar US loan to green car manufacturer Fisker would produce:

This past Friday Fisker Automotive, Inc. filed for bankruptcy and we taxpayers will be out a minimum of $139 million dollars.

The Obama administration recently announced it will be moving its Vatican embassy into a new building on the compound of the larger American Embassy to Italy. The State Department says security and cost savings are behind the move. The projected cost savings is $1.4 million dollars per year. Doing the math shows that the money lost by the bad loan to Fisker would have covered the projected savings per this move for just under 100 years. But we all should know this has very little to do with cost savings and much to do with agendas.