Carbon Motors of Connersville isn't going to get that $310 million federal loan deal to employ 1,500 people to manufacture "the first purpose-built police car." This is the song and dance from the Department of Energy's rejection statement.
DOE spokesman Damien LaVera said the DOE is committed to balancing its goal of supporting innovative projects that promote the development of clean vehicles in the United States with its responsibility to be good stewards of taxpayers' money. "Over the last two and half years, the Department has worked with Carbon Motors to try to negotiate a deal that supported their business while protecting the taxpayers," LaVera said in the statement. "While we were not able to come to an agreement on terms that would protect the taxpayers, we continue to believe that Carbon Motors is an innovative company with an interesting project and we wish them luck."
Good stewards-- oh, please. The administration that has wasted billions on clean energy pipe dreams, including $535 million on Solyndra alone, suddenly cares about "protecting the taxpayers"? Don't get me wrong -- I think Carbon Motors is the same kind of pie-in-the-sky nonsense, and I wouldn't waste a dime of taxpayer money on it. But the naked cynicism of trying to cloak an obvious political decision with fiscal-responsibility doubletalk-- and not even caring how transparent the dishonesty is -- is getting pretty rank.