We can add the Vehicle Production Group (VPG) to the long list of central planning failures by the Federal government, proof again that national control is a recipe for waste, fraud, and abuse with your hard earned dollars.
You’ve probably heard of Soyndra ($500 million), Fisker ($192 Million), and there are dozens of others. Well add VPG who have defaulted on a paltry $50,000,000.00 dollar Green energy loan, money that will never pave a road or help a child learn to read or heal the sick or hungry, or be spent by the person who actually earned it, on useful products or services that would have kept a real business in business and employing people in real jobs we actually need.
And those green jobs. Good paying jobs for Middle Class Americans? Solyndra let all theirs go, Fisker dropped 75% of them and VPG is laying off 100, which should start boosting the economy at any moment because as Nancy Pelosi says, ‘unemployment benefits have a net postive effect on the economy,’ though she has yet, to my knowledge’ addressed how if this is so, we don’t just all go on unemployment, mount our unicorns, and ride the rainbows to the progressive paradise?
