Durk Pearson & Sandy Shaw’s®
Life Extension NewsTM
Volume 15 No.
2 • March-April 2012
The ladder of success is best climbed by stepping on the rungs of opportunity.
— Ayn Rand
The most wasted day of all is that on which we have not laughed.
— Sebastien Roch Nicolas Chamfort,
Maxims and Thoughts
Is this funny or is it just pathetic?
You Don’t Have to Buy This Lemon—Assuming You Could Afford It—But You Do Have to Pay Taxes to Subsidize It
An article by the staff of Consumer Reports, “Bad Karma: Our Fisker Karma plug-in hybrid breaks down,” reveals the ongoing farce of taxpayer funded politically correct industries. Consumer Reports purchased a Fisker Karma taxpayer subsidized automobile for $107,850 and took it to their Consumer Reports Auto Test Center. With less than 200 miles on its odometer, the vehicle became undriveable with an error message indicating a major fault. The article noted that Consumer Reports buys about 80 cars a year and “this is the first time in memory that we have had a car that is undriveable before it has finished our check-in process.”
Fisker Automotive, the electric car maker that developed and is trying to market the hybrid, received a half-billion dollar loan from the federal government (e.g., taxpayers), but recently announced it is laying off 26 workers at a former General Motors plan in Wilmington, Delaware, and jettisoning another 40 contractors and employees who were working on design and development of Fisker’s Karma luxury car in Anaheim, California.
Now get this — the layoffs came as Fisker is seeking to renegotiate its loan agreement with the Department of Energy. Fisker has already received $193 million of the $529 million DOE loan. If you want to read more: http://www.foxnews.com/leisure/2012/02/07/fisker-announces-layoffs-as-company-misses-targets-has-doe-loans-frozen/
There is a big donor to the Democratic Party involved in this but we do not have his identity immediately at hand.
Help someone when they are in trouble, and they will remember you when they’re in trouble again.
— John Wayne (attributed)
When you see that trading is done, not by consent but by compulsion, When you see that in order to produce, you need to obtain permission from men who produce nothing, When you see that money is flowing to those who deal, not in goods, but in favors, When you see that men get richer by graft and by pull than by work, and your laws don’t protect you against them, but protect them against you, When you see corruption being rewarded and honesty becoming a self-sacrifice — you may know that your society is doomed.
— Ayn Rand, Atlas Shrugged (1957)